Sunday, December 10, 2023

At Age 99, Charlie Munger Has These Words Of Wisdom For Investors: 'Sometimes It's A Boom. Sometimes It's A Bust.' Here's How To Spot The 'Boom'. - Yahoo Finance

At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger's life spans pivotal eras of economic transformation.

From the depths of the Great Depression to the financial tremors of the Great Recession, he's seen it all. Munger recalls a time when the minimum wage was 40 cents per hour. Such experiences, set against a backdrop of technological evolutions and geopolitical gyrations, have provided him with a unique lens through which he views investing. Today, Munger is one of the most esteemed figures in finance.

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During his tenure at Berkshire Hathaway, Munger has been at the epicenter of global economic changes. He's been privy to the aftereffects of fluctuating inflation rates, watched industries rise and wane and observed the transformative impacts of technological revolutions. But amid this whirlwind of change, his investment philosophy has remained consistent and anchored in foundational principles.

At the heart of Munger’s philosophy is the concept of intrinsic value.

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