Munger_Disciple Posted November 28, 2023 Share Posted November 28, 2023 Very sad day. I already miss him. Link to comment Share on other sites More sharing options...
alertmeipp Posted November 28, 2023 Share Posted November 28, 2023 A true legend. RIP Link to comment Share on other sites More sharing options...
boilermaker75 Posted November 28, 2023 Share Posted November 28, 2023 I'm actually tearing up a little. RIP Charlie. Link to comment Share on other sites More sharing options...
CanadianMunger Posted November 28, 2023 Share Posted November 28, 2023 A true original. Thanks for sharing your wisdom all these years Charlie. Rest in peace. Link to comment Share on other sites More sharing options...
locatevalue Posted November 28, 2023 Share Posted November 28, 2023 RIP Charlie, Learned a lot from him, A true legend! Link to comment Share on other sites More sharing options...
drzola Posted November 28, 2023 Share Posted November 28, 2023 RIP Charlie A great mentor. Link to comment Share on other sites More sharing options...
Luke Posted November 28, 2023 Share Posted November 28, 2023 Link to comment Share on other sites More sharing options...
UNF2007 Posted November 28, 2023 Share Posted November 28, 2023 What a bummer, learned so much from him over the years not just investing but about life, dealing with adversity. RIP will be missed. Link to comment Share on other sites More sharing options...
adesigar Posted November 28, 2023 Share Posted November 28, 2023 This sucks. He was so close to his 100th Birthday. RIP Charlie. Thanks for all the wisdom. Link to comment Share on other sites More sharing options...
wondering Posted November 28, 2023 Share Posted November 28, 2023 Truly a great man. I will continue read his nuggets of wisdom. Link to comment Share on other sites More sharing options...
Monsieur_dee Posted November 28, 2023 Share Posted November 28, 2023 Thank you for all your knowledge that you've passed on. May his wisdom live forever Link to comment Share on other sites More sharing options...
RadMan24 Posted November 28, 2023 Share Posted November 28, 2023 What a wonderful person and a life well lived. May Charlie rest in peace, but his wisdom live on forever. Link to comment Share on other sites More sharing options...
DooDiligence Posted November 28, 2023 Share Posted November 28, 2023 I hope Warren was with him when he passed and that it was peaceful. Last words from Charlie? Link to comment Share on other sites More sharing options...
tnp20 Posted November 28, 2023 Share Posted November 28, 2023 (edited) 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 Link to comment Share on other sites More sharing options...
marcowelby Posted November 29, 2023 Share Posted November 29, 2023 Link to comment Share on other sites More sharing options...
premfan Posted November 29, 2023 Share Posted November 29, 2023 Thank you Charlie. Rest in peace. Link to comment Share on other sites More sharing options...
ElstonG Posted November 29, 2023 Share Posted November 29, 2023 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. Link to comment Share on other sites More sharing options...
KPO Posted November 29, 2023 Share Posted November 29, 2023 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. Link to comment Share on other sites More sharing options...
MCR Posted November 29, 2023 Share Posted November 29, 2023 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. Link to comment Share on other sites More sharing options...
hasilp89 Posted November 29, 2023 Share Posted November 29, 2023 May his memory be a blessing. Grateful to have lived in his time. Link to comment Share on other sites More sharing options...
e4d5 Posted November 29, 2023 Share Posted November 29, 2023 Rest in peace, Charlie Munger. Link to comment Share on other sites More sharing options...
rohitc99 Posted November 29, 2023 Share Posted November 29, 2023 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. Link to comment Share on other sites More sharing options...
gurjot Posted November 29, 2023 Share Posted November 29, 2023 Rest in peace. can't wait to re read poor charlie's Almanac Link to comment Share on other sites More sharing options...
Intelligent_Investor Posted November 29, 2023 Share Posted November 29, 2023 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 Link to comment Share on other sites More sharing options...
Charlie Posted November 29, 2023 Share Posted November 29, 2023 (edited) 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 Link to comment Share on other sites More sharing options...
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