Excess Returns  cover image

Excess Returns

The Enduring Legacy of Charlie Munger with Lawrence Cunningham

Dec 6, 2023
Lawrence Cunningham, one of the world's leading experts on Berkshire Hathaway and Buffett and Munger, discusses Charlie Munger's life, investment career, core principles, and legacy. Topics explored include his journey and intellectual capacity, investment dynamics and Munger's quotes and wisdom. They also discuss attracting a high-quality shareholder base through candor and humility, the importance of compounding and avoiding interruptions, and Munger and Buffett's investment philosophy.
52:04

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Munger transformed Buffett's investment style by prioritizing business quality over price.
  • Munger's legacy lies in his polymath approach, emphasizing integrity, and teaching valuable lessons for long-term success in investing.

Deep dives

Charlie Munger's Background and Partnership with Warren Buffett

Charlie Munger, the longtime partner of Warren Buffett, grew up in Omaha, Nebraska, and had a similar education and upbringing to Buffett. Munger's background in law, business, and investing provided a strong foundation for his partnership with Buffett.

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