Earlier quoted context omitted.
> Munger donated $200 million to the project on the condition that the university follow his design exactly. Multibillionaire hubris is truly something else.
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Charlie Munger has died
81–90 of 454 posts
Re: Charlie Munger has died
#82Re: Charlie Munger has died
#83Earlier quoted context omitted.
You have to remember that Bogle/Munger/Buffet all gained prominence when value investing wasn't a thing and investing of any kind was wildly out of reach for the common man. Today anyone can go online and buy VTI in minutes. 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 i…
> 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…
How is that different from just… normal investing?
Re: Charlie Munger has died
#84A 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
Remotely related, but that site of Stripe Press is great! Thanks for linking.
Re: Charlie Munger has died
#85Wow, 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.
Re: Charlie Munger has died
#86Re: Charlie Munger has died
#87Earlier quoted context omitted.
Most of the trades in that stock have been routed through dark pools (they don't hit lit exchanges), so even if there are (huge) trades you wouldn't necessarily see the price move.
bboygravity is right. >BRK.A Off Exchange & Dark Pool Summary >Today's Off Exchange & Dark Pool volume is 6,792, which is 98.11% of today's total volume. Today's Lit volume is 131, which is 1.89%. Over the past 30 days, the average Off Exchange & Dark Pool volume has been 97.51%. The average Lit volume has been 2.49%. https://chartexchange.com/symbol/nyse-brk.a/exchange-volume/
They still show up in the market price, even if they are traded off exchange.
Re: Charlie Munger has died
#88A 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.
Re: Charlie Munger has died
#89Earlier quoted context omitted.
That linked is the revised version A transcript of the original speech at Harvard, June 1995, should be e.g. at https://jamesclear.com/great-speeches/psychology-of-human-mi... A recording of the original speech is at https://www.youtube.com/watch?v=Jv7sLrON7QY
The funny thing is that since this guy died at 99yo it means that 30 years ago he was still an old 70yo man. Screws with my brain sometimes
30 years ago I was in diapers and barely aware of what was going on around me. This old man was still an old man.
Youth really is fleeting.
Re: Charlie Munger has died
#90Earlier quoted context omitted.
I’d support excluding windows in dorms if we’ve already checked the cushions for other possible cuts around campus and couldn’t come up with any.
Imagine taking on $50k in student loans to live in a windowless room
"Imagine taking out much smaller student loans, to live in a space with vastly improved common areas, and having your own isolated space to sleep instead of having to share it with 1-2 others."
To be clear, I think the building is awful and fails at most of its stated goals, but I think the goals themselves were solid.