Charlie Munger

The Oracle of Omaha’s right-hand man and investing legend in his own right

Few individuals have left as lasting an imprint on the investing world as Charlie Munger, the longtime business partner of Warren Buffett and Vice Chairman of Berkshire Hathaway. While Buffett may have been the face of Berkshire, Munger was key behind the scenes—an intellectual powerhouse whose clarity of thought and mental discipline helped build one of the most successful investment firms in the history of finance.

Rationality, Patience & Long-Term Thinking

Charlie Munger championed a multidisciplinary approach to investing—urging investors to go beyond traditional finance and incorporate insights from psychology, history, economics, and biology. He helped steer Berkshire Hathaway away from its early value-only approach toward buying great businesses at fair prices rather than fair businesses at great prices—a shift that fueled exponential growth at Berkshire.

Further, Munger's principles on rationality, patience, and long-term thinking have become foundational for modern investors. He emphasized simplicity, deep understanding, and employing mental models to navigate complexity and avoid common investing pitfalls.

Rule #1: Don’t Do Anything Stupid

Avoid Foolishness - Rather than chasing genius, Munger said: “It’s remarkable how much long-term advantage people have gotten by [simply] trying to be consistently not-stupid.”
Think Long-Term - Wealth is built over decades not days, Munger believed. His investment career is a testament to that thinking, to the long-term power of compounding.
Use Mental Models - Munger advocated for gaining an intuitive understanding of fundamental concepts from multiple disciplines, as a way to make better investment decisions.

Wealth & Integrity Can Coexist

In a world flooded with noise, hot tips, and speculation, Charlie Munger stood as a beacon of clarity, discipline, and integrity. He reminded investors that success comes not just from what you do, but also from what you avoid. His ideas are timeless tools for anyone seeking to build lasting wealth—not just financially, but intellectually and ethically.

A Man of Many Talents

Vice Chairman of Berkshire Hathaway (1978–2023)
Chairman of Daily Journal Corporation
Chairman of Wesco Financial (1984–2011)
Honorary doctorate degrees from Harvard, Stanford, and UCLA
Philanthropist and architect of several university housing projects

Quotable Quotes From One of the GOATs

“Show me the incentive, and I will show you the outcome.”
“The big money is not in the buying and selling … but in the waiting.”
“Take a simple idea and take it seriously.”
“Spend each day trying to be a little wiser than you were when you woke up.”