Oh was that the guy who designed the windowless dorms?
Yeah: https://en.wikipedia.org/wiki/Munger_Hall
… at least the halls were wide and the ceilings high.
Charlie Munger has died
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Re: Charlie Munger has died
#92Earlier quoted context omitted.
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A man who fell to his own hubris?
Would you say that about Stanley Kubrick who died even younger and wanted exacting specs? https://old.reddit.com/r/StanleyKubrick/comments/11dqr7m/_/j...
If it's from rich people it's hubris. If someone less famous who got what they wanted it's cool.
Re: Charlie Munger has died
#93Oh was that the guy who designed the windowless dorms?
Every plan should be on the table to provide more safe, affordable, community-oriented housing than is available today. Artificial light and ventilation in bedrooms are routine (e.g., every skyscraper in the winter) and should not have been a dealbreaker, especially if this is one choice out of many for the students.
Munger himself mentioned this as the rationale: having fewer windows flows logically from maximizing interior space.
Re: Charlie Munger has died
#94Can we show the black banner, please?
When is it that "hackers" and people into doing risky businesses started getting so into in the most boring, most conservative investor of all time?
That tells you enough about how this whole segment of the population jumped the shark and just started worshiping the same version of success as Wall Street.
The day HN shows a black banner for him, that site is officially over.
Re: Charlie Munger has died
#95Earlier 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…
How is that different from just… normal investing?
EDIT: My hobbyist, lay understanding, this is not investment advice, I likely have errors in my understanding
I've seen Growth and Technical investing be contrasted to Value. Growth being looking for companies which have not actualized revenue goals but appear to be able to do rapidly(they're growing, look for the ones that grow fastest), Technical is looking at trends and patterns (they're trending, catch the trend and get off before others do).
In my lay understanding Value investing looks for margins of safety through companies which are worth more on the books than they're shares are selling for, or where their cashflows make them look attractive relative to bonds of their equivalent grade. An example might be if AAPL took a nose dive and was selling for less than $167B (which is their cash on hand) that'd be an excellent Value play.
Or assume their equivalent bond rate was Single-B (Currently 9.5%) and their Price to earnings rate was less than 10.5 --> Buying AAPL would be similar to buying a Grade B bond for less than the current market rate.
Re: Charlie Munger has died
#96Earlier quoted context omitted.
did he ever coment on his longevity and health practices?
Diet of coca-cola, sweets and dry humor.
i find it funny how the bryan johnsons of the world take like 123 pills every day and optimize all the fun out of life and we still dont really really know if it works or not
and then old geezers like munger and buffett do whatever the hell they want and outlive everybody
Re: Charlie Munger has died
#97Also responsible for the windowless college dorm: https://news.ycombinator.com/item?id=29038356
That tells you about as much as you need to know about the guy, doesn't it?
Incredibly successful, and yet a penny pinching tasteless bore until the bitter end. At least "robber barons" of the past built things that looked good.
That he's worshiped around these parts of the internet is truly embarrassing and sometimes makes me question how I ended up here.
Re: Charlie Munger has died
#98He 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.
Re: Charlie Munger has died
#99Earlier 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…
How is that different from just… normal investing?
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Re: Charlie Munger has died
#100The Berkshire Hathaway annual meeting will never be the same. As we previewed in 2020, Buffett without Munger is still illuminating but not nearly as dynamic.