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Charlie Munger

Investor

Born 1924

Biography

Charlie Munger, born January 1, 1924, is an American investor, businessman, and philanthropist. He is best known as the vice chairman of Berkshire Hathaway, a position he has held since 1978. Munger's partnership with Warren Buffett has been instrumental in shaping the conglomerate's investment strategies. In addition to his role at Berkshire Hathaway, Munger served as chairman of Wesco Financial Corporation from 1984 until 2011. He is also credited for his work at the Daily Journal Corporation, where he has been chairman since 1977. Munger's influence extends to philanthropy, notably through substantial donations to the University of Michigan and the University of California, Santa Barbara, supporting education and student housing projects.

About

Born January 1, 1924

Birthplace Omaha, Nebraska, USA

Nationality American

Education Juris Doctor

School Harvard Law School

Popular Quotes

"The secret to good work is to understand that how you do anything is how you do everything"

Self-improvement Mindfulness Productivity Discipline

"Knowing what you don't know is more useful than being brilliant"

Self-improvement Wisdom Self-awareness Growth

"The world is not driven by greed; it's driven by envy"

Human nature Psychology Society Emotions

"Take a simple idea and take it seriously"

Motivation Success Creativity Innovation

"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid instead of trying to be very intelligent"

Personal growth Self-improvement Wisdom Success

"The safest way to try to get what you want is to try to deserve what you want"

Motivation Personal growth Self-improvement Wisdom

"If you keep learning all the time, you have a huge advantage"

Personal growth Self-improvement Success Learning

"The best armor of old age is a well-spent life preceding it"

Wisdom Reflection Purpose Experience

"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long time"

Personal growth Self-improvement Wisdom Success

"It's waiting that helps you as an investor, and a lot of people just can't stand to wait"

Patience Investing Investment strategy Long-term strategy

"Warren and I have skills that could easily be taught to other people. In fact, some people are using them already. But they tend to be uncommon skills"

Personal development Learning Knowledge Education

"The first rule of compounding is to never interrupt it unnecessarily"

Finance Investing Compounding Wealth-building

"We have a passion for keeping things simple"

Focus Simplicity Efficiency Clarity

"The best thing a human being can do is to help another human being know more"

Wisdom Empowerment Learning Education

"In my whole life, I have known no wise people who didn't read all the time—none, zero"

Self-improvement Wisdom Learning Knowledge