Charlie Munger

Charlie Munger

Formal First Name
1924 - 2023

Charlie Munger was one of the greatest minds of the 20th century who had left a legacy of wisdom that continues to guide investors today. A legendary investor, Munger was best known as the Vice Chairman of Berkshire Hathaway and Warren Buffett's right-hand man and business partner. He was one of the masterminds behind Berkshire Hathaway’s decades of financial success and was instrumental in the growth of the firm into a giant diversified holding company with market capitalization of over $780 billion. While Munger was most renowned for his contributions to the realm of investment, his impact goes well beyond the financial markets. He was sought after for his viewpoints on a variety of topics, including education, decision-making, and ethics. He died in November 2023 at age 99.

Professional Experience

Academic History


  • Munger was a legendary and pragmatic investor and philanthropist.

  • He was known for his wide-ranging wisdom across a multitude of disciplines — including psychology, economics, biology, history and physics.

  • He served as a director of Costco Wholesale Corporation and as chairman of the Daily Journal Corporation

  • His ability to break down complicated concepts into clear, practical principles has left a lasting imprint on the financial world. 


  • Don’t sell anything you wouldn’t buy yourself. 

The safest way to try to get what you want is to try to deserve what you want. It’s such a simple idea. It’s the golden rule.

  • Don’t work for anyone you don’t respect and admire. 

Generally, your outcome in life will be more satisfactory if you work under people whom you correctly admire.

  • Work only with people you enjoy. 

"I could force myself to be fairly good in a lot of things, but I couldn’t excel in anything in which I didn’t have an intense interest or enjoy."


  • “You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.”

  • “The big money is not in the buying and the selling, but in the waiting.”

  • “You need patience, discipline, and an agility to take losses and adversity without going crazy.”

  • “We have three baskets for investing: yes, no, and too tough to understand.”

  • “People calculate too much and think too little.” 

  • “Success means being very patient, but aggressive when it’s time.” 

  • “Acknowledging what you don’t know is the dawning of wisdom.”

  • “Mimicking the herd invites regression to the man.”