Curious to known where he decided his fortune should go after his death.
Charlie Munger has died
191–200 of 454 posts
Re: Charlie Munger has died
#192Earlier quoted context omitted.
"Of course" the kind of investing Buffett and Munger do/did is the point here, not investing in general. Y Combinator is 1) early stage 2) tech. Neither of which are what Buffett and Munger cared about. You could make a good case that Buffett and Munger are the most "anti-tech" index around, almost a perfect YC hedge.
If it's the most anti-tech then it's relevant as well :)
Re: Charlie Munger has died
#193Re: Charlie Munger has died
#194He leaves behind a legacy greater than most intellectuals of his time. He has profoundly touched many lives and I am forever grateful for his existence on this earth. Thank you for all the wisdom Charlie, you will be deeply missed.
[flagged]
Re: Charlie Munger has died
#195Earlier quoted context omitted.
I actually agreed with his reasoning on this and don't think it was motivated by greed at all. Firstly it would have been cheaper for the students. But secondly and more importantly, the buildings did have windows, it was only the dorms themselves which didn't, but the reasoning for this was that were primarily built for sleeping so he argued they didn't need windows. And not requiring windows meant that each student…
Speaking as a person with an architecture degree, it is, in my opinion, plainly a completely stupid idea. I cannot imagine one person I have ever met with similar professional training who would consider it anything other than completely stupid. As a person who hasn’t paid any attention to his corner of the finance sector, this horrible dorm was my introduction to the man. My immediate conclusion was that he rose to…
Re: Charlie Munger has died
#196One of my favorite quotes from Munger > It’s very important to not put your brain in chains too young by what you shout out. From his speech at Harvard in '95, he's talking about how loudly proclaiming something, shouting about it even, locks our brains into this, making us resistant to contradictory ideas, regardless of evidence. This observation has felt more and more important over the last decade.
Re: Charlie Munger has died
#197Earlier quoted context omitted.
I think it depends on what you mean by sharp. Quick? No, physical capabilities. His understanding of companies/markets/etc still were considered quite sharp by most investors I know.
Still didn't get bitcoin.
Re: Charlie Munger has died
#198Re: Charlie Munger has died
#199A legend of the business and investing world. Acquired podcast got to do one of (possible the) last interviews with him a month ago for anyone looking for recent content from him: https://www.acquired.fm/episodes/charlie-munger Also Stripe Press is releasing just next week a book (technically re-release of an older book) on his collected thoughts: https://press.stripe.com/poor-charlies-almanack
I highly recommend listening to the Acquired interview. At age 99 he was still remarkably sharp and up-to-date.