Legendary Charlie Munger Quotes Display His Wit and Wisdom

In this year’s letter to Berkshire Hathaway shareholders of the company’s 2022 results, Warren Buffett praised billionaire Charlie Munger, his friend, and partner for the past 58 years. He provided Charlie Munger’s recent quotes that display his legendary wit and wisdom.

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Though they think alike, Munger can be sharp-tongued and blunt to Buffett’s softer tone. They are an extraordinary management team, and Charlie Munger, at age 99 to Buffett’s younger 92 years, adds significant value and lessons, and according to BH’s CEO, much laughter.

Charlie Munger began working with Warren at a grocery store owned by Buffett’s grandfather in 1942. Since 1965, Vice Chairman Charlie Munger has shared the helm at Berkshire Hathaway with its CEO, Warren Buffett.

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According to Forbes, Munger’s net worth of $2.3 billion is well below Buffett’s over $107 billion net worth.

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Warren Buffett shared Munger’s recent thoughts in Berkshire Hathaway’s letter to its shareholders on these themes:

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Take A Long Term Perspective When Investing Like Warren Buffett, Charlie Munger emphasizes patience in the market, looking for value, and having a long-term horizon, and staying the course when investing.

Favors Value Investing Although Munger admired Ben Graham, he has been more critical of him than Buffett who was a student of his and worked him. Munger is a value investor, calling it “intelligent investing” as you are seeking better prospects than what it costs you to purchase.

Investors Need To Learn More And Make Adjustments Continue learning is a common thread used by Charlie Munger, like his partner, Warren, who devours hundreds of pages of readings to stay rational and current with the world.

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