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Nov 29, 2023
Charles Thomas Munger, renowned for his iconic partnership with Warren Buffett, has died at 99. His legacy as Berkshire Hathaway's vice chairman leaves an indelible mark on the world of investing.
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According to him, the real profits come not from constant buying and selling but from the art of waiting.
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Munger's candid take on envy as a "really stupid sin" reflects his practical philosophy. He advises against caring about others making money faster, emphasizing the pain and lack of fun in such comparisons.
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Munger's commitment to learning is evident in his advice to spend each day becoming wiser. He attributes wisdom to avid reading, a habit he shares with Warren Buffett.
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His unconventional advice extends to marriage choices and the challenges facing value investors in today's competitive landscape.
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In a blunt assessment, Munger dismisses cryptocurrency as "crypto crappo," expressing disbelief in its value and questioning the decision to allow it. His outspoken stance adds to the ongoing debate surrounding digital currencies.
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Munger's off-the-cuff remarks and unfiltered insights continue to leave a lasting impact. From investment strategies to societal critiques, his legacy remains a source of inspiration and contemplation.
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