Morning Brew Daily Remembering Berkshire Hathaway's Charlie Munger & The $16 McDonald's Inflation Burger
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Nov 29, 2023 The hosts pay tribute to Charlie Munger, exploring his profound influence on Berkshire Hathaway and investing. They discuss Mark Cuban's recent moves, including his departure from 'Shark Tank' and selling his Mavericks shares. A $16 McDonald's meal is highlighted, revealing how inflation is affecting consumer sentiment. There's a debate over AI's role in journalism sparked by Sports Illustrated, alongside discussions about sustainable aviation fuel and innovations in extending canine lifespans.
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Munger's Legacy
- Charlie Munger, Warren Buffett's partner, passed away at 99.
- Their partnership transformed Berkshire Hathaway from a textile company into a massive conglomerate.
Berkshire's Growth
- Munger and Buffett achieved remarkable success, with Berkshire Hathaway's stock showing huge gains.
- Investing $1,000 in 1964 would be worth over $10 million today.
Munger's Wit
- Charlie Munger's succinct responses to Buffett's long explanations were legendary.
- His simple phrase "I have nothing to add" often drew laughter.