5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP494: The Worldly Wisdom of Charlie Munger

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Charlie Munger's Investment Approach

Charlie Munger has always put a high priority on surrounding himself with honorable people he admires and wants to spend his life with. A great majority of his family fortune sits in just three investments: Berkshire Hathaway, Costco, and a portfolio of Chinese stocks selected by Li Liu. Like Buffett, Munger also focuses on his circle of competence and is sure to only invest within that circle and what he knows really well.

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