RIP Charlie

[Munger_Disciple]

Very sad day. I already miss him. 

[alertmeipp]

A true legend. RIP

[boilermaker75]

I'm actually tearing up a little. RIP Charlie.

[CanadianMunger]

A true original.  Thanks for sharing your wisdom all these years Charlie.  Rest in peace.

[locatevalue]

RIP Charlie, Learned a lot from him, A true legend!

[drzola]

RIP Charlie A great mentor.

[Luke]

[UNF2007]

What a bummer, learned so much from him over the years not just investing but about life, dealing with adversity. RIP will be missed. 

[adesigar]

This sucks. He was so close to his 100th Birthday. RIP Charlie. Thanks for all the wisdom.

[wondering]

Truly a great man.  I will continue read his nuggets of wisdom.

[Monsieur_dee]

Thank you for all your knowledge that you've passed on. May his wisdom live forever 

[RadMan24]

What a wonderful person and a life well lived. May Charlie rest in peace, but his wisdom live on forever. 

[DooDiligence]

I hope Warren was with him when he passed and that it was peaceful.

 

Last words from Charlie?

[tnp20]

I feel like we are running out of true heros....last of the good breed are dying and I dont see any replacement that comes even close. Charles Feeney too not too long ago...

 

I feel they may exist in other countries as you need certain conditions to forge men like these....

 

Conditions of good ethics, hardship, hardwork , enormous opportunity set ahead, and above all less materialism and delayed gratification. Which country  should we look ?

 

I think both India and China have conditions for such wise men to emerge. I can hear the US centric whine..."but they are shit holes"....grass hopper has much to learn.

 

 

Edited November 29, 2023 by tnp20

[marcowelby]

 

[premfan]

Thank you Charlie. Rest in peace. 

[ElstonG]

Very sad day, though I take some comfort in him graduating from living legend to part of the "eminent dead" that he always preferred learning from and spending time with, and that many will continue learning from his recorded wisdom and wit for many years to come.

[KPO]

58 minutes ago, tnp20 said:

Conditions of good ethics, hardship, hardwork , enormous opportunity set ahead, and above all less materialism and delayed gratification. Which country  should we look ?

 

The United States, particularly the Midwest. This culture definitely still exists in some areas. 

[MCR]

From the 2023 shareholders letter in Mr. Buffett's own words:

Nothing Beats Having a Great Partner

Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated. Here are a few of his thoughts, many lifted from a very recent podcast:

 

• The world is full of foolish gamblers, and they will not do as well as the patient investor.

• If you don’t see the world the way it is, it’s like judging something through a distorted lens.

• All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.

• If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.

• Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.

• You can learn a lot from dead people. Read of the deceased you admire and detest.

• Don’t bail away in a sinking boat if you can swim to one that is seaworthy.

• A great company keeps working after you are not; a mediocre company won’t do that.

• Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.

• Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.

• There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.

• You don’t, however, need to own a lot of things in order to get rich.

• You have to keep learning if you want to become a great investor. When the world changes, you must change.

• Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.

• Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”

 

And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.

 

 

Rest In Peace, Charlie. 

 

[hasilp89]

May his memory be a blessing. Grateful to have lived in his time.

[e4d5]

Rest in peace, Charlie Munger.

[rohitc99]

Will dearly miss him. This quote from him got me through some of the toughest times in life

 

" You should never, when facing some unbelievable tragedy, let one tragedy increase into two or three through your failure of will.

[gurjot]

Rest in peace.   

can't wait to re read poor charlie's Almanac

[Intelligent_Investor]

I love Warren as much as anyone, but Charlie was the guy that I really connected with and modeled my investing after. Rest in peace Charlie, your legacy will live on in the thousands of value investors you inspired

[Charlie]

Rest in peace, Charlie Munger.

 

You were my hero and role model and changed my life.

 

We will dearly miss you.

Edited November 29, 2023 by Charlie