Collection: Charlie Munger - #41 'What Other Great Investors to Follow Besides Charlie and Warren?'


Video Link: https://youtu.be/VJLJWgLOEtg


In this episode, Charlie Munger was asked which money managers would he recommend besides him and Warren?


In this episode, you’ll learn:

  • Who else to follow besides Warren Buffett and Charlie Munger?

  • What is Charlie Munger comments on the asset management industry?

To check out all Collection: Charlie Munger <click here>

[Transcript]

(Source: https://youtu.be/X1Oi3esiry8)

AUDIENCE MEMBER 00:08

In last year’s Daily Journal meeting, you talked about one of the five aces of a money manager was a long runway.


CHARLIE MUNGER 00:16

Yes.


AUDIENCE MEMBER 00:17

I’m young and have at least hopefully a 40 year runway ahead of me.


CHARLIE MUNGER 00:22

How are your legs? (Laughter).


AUDIENCE MEMBER 00:27

I passed my physical with flying colors, so thanks a lot. I’d like to compound my money at the highest rate and then give most of it away at the end. Which money managers would you recommend besides you and Warren? Thank you.


CHARLIE MUNGER 00:45

Well I just said I’ve only hired one myself in a lifetime, I don’t think that makes me an expert. Although I must say that one did work out rather well. No I can’t help you. Everybody would like to have some money manager that would make him rich. Of course we all would want that. I would like to be able to turn lead into gold. But it’s hard. It’s very hard. And if you’re finding it difficult that just shows you understand it.

  • Facebook Social Icon
  • YouTube

Like & Follow YAPSS social media page to get notify on the latest update.

Disclaimers: YAPSS/YAPSS.com is not managed by a registered investment advisor or a broker/dealer. Information from YAPSS/YAPSS.com and any content posted by YAPSS/YAPSS.com is for entertainment & education purposes only and not a buy or sell of security recommendation. In no event shall YAPSS/YAPSS.com be liable to any damages arising out from the use of YAPSS/YAPSS.com content or material published or available on YAPSS/YAPSS.com. Lastly, YAPSS/YAPSS.com is in no way guaranteed for accuracy or completeness of published information and hence, please do your own due diligence.

©2020 by YAPSS. All Right Reserved.