Charlie Munger has died • Hacker News Board

Re: Charlie Munger has died

#451

Post by audray124 » Sat, Dec 02, 2023, 3:36 PM UTC

evolve2k wrote: post #142

diarrhea wrote: post #83

Earlier quoted context omitted.

How is that different from just… normal investing?

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Re: Charlie Munger has died

#452

Post by petrusnonius » Mon, Dec 04, 2023, 12:28 AM UTC

mkl wrote: post #85

GenerWork wrote: post #4

Wow, I knew he was old, but had no idea he wasn't well. Aftermarket movement of BRK.A/BRK.B seems to be muted, so I guess right now investors aren't too worried about the future of Berkshire.

No 99-year-old is "well" in absolute terms. A 99-year-old US man has only about a 66% chance of reaching 100: https://www.finder.com/life-insurance/odds-of-dying . A 95-year-old man has about a 16.5% chance of reaching 100, so he'd already done pretty well.

Weirdly I was just looking for this data today, thanks.

Re: Charlie Munger has died

#453

Post by Arebkhn » Fri, Dec 08, 2023, 4:00 AM UTC

andrewmutz wrote: post #145

chollida1 wrote: post #55

Earlier quoted context omitted.

> Every financial advisor and 401k plan recommends index funds by default, and it is how the vast majority of people and organizations store their wealth. It doesn't need any more cheerleaders or icons. It had simply become synonymous with investing at large. This is passive investing, not value investing. Value investing is very much active investing, otherwise how would you select the undervalued assets? Value inve…

The term "value investing" is confusing because it is used in two different ways: The first way it's used is to describe buying stocks that are cheap relative to their current financial characteristics (price to book, price to earnings, price to FCF, etc). This approach is usually contrasted with "growth", which would refer to investing in companies with a compelling thesis and bright future ahead of them. A second w…

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Re: Charlie Munger has died

#454

Post by Arebkhn » Fri, Dec 15, 2023, 4:51 AM UTC

Arebkhn wrote: post #453

andrewmutz wrote: post #145

Earlier quoted context omitted.

The term "value investing" is confusing because it is used in two different ways: The first way it's used is to describe buying stocks that are cheap relative to their current financial characteristics (price to book, price to earnings, price to FCF, etc). This approach is usually contrasted with "growth", which would refer to investing in companies with a compelling thesis and bright future ahead of them. A second w…

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