
This Week in Intelligent Investing
Remembering Charlie Munger: Life and Legacy
Dec 2, 2023
Co-hosts reflect on the life and legacy of Charlie Munger, discussing his outlook on life, resilience, and rationality. They also talk about his criticisms of fads, exploitation of retail investors, and cryptocurrencies. The upcoming release of a revised edition of Munger's Almanac is also discussed.
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Quick takeaways
- Charlie Munger emphasized rationality, moral compass, and avoiding self-pity in building a good life.
- Charlie Munger's multidisciplinary thinking and mental models influence investment approach and understanding human behavior.
Deep dives
Remembering Charlie Munger: A Legacy of Rationality and Responsibility
In this podcast episode, the hosts pay tribute to Charlie Munger and reflect on his life and influence. They discuss Munger's rationality, moral compass, and commitment to building a good life. They highlight Munger's philosophy of avoiding self-pity and focusing on rational thought. They also emphasize his role in shaping the investment philosophy of Warren Buffett and the evolution of Berkshire Hathaway. The hosts note Munger's strong stance against immoral practices, such as in the case of Valiant Pharmaceuticals. They discuss Munger's ability to evolve with changing times and his unwavering commitment to his principles.
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