TIP494: The Worldly Wisdom of Charlie Munger
IN THIS EPISODE, YOU’LL LEARN:
- 05:54 - How Warren Buffett and Charlie Munger met.
- 07:07 - Why it’s important to embrace lifelong learning.
- 09:27 ) - Why Charlie Munger uses mental models to think and invest.
- 00:15:53 - How Charlie Munger changed Buffett’s investing strategy.
- 20:47 - Why we should continuously challenge and reexamine our worldview.
- 29:22 ) - Why Munger concentrates his personal investment portfolio.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Learn about the best investor you’ve never heard of – Nick Sleep.
- Check out Clay’s Intrinsic Value Analysis of Dollar General & Apple.
- Listen to Clay’s previous episode covering Warren Buffett’s 12 Investment Principles.
- Check out Poor Charlie’s Almanack.
- William Green’s book – Richer, Wiser, Happier.
- Follow Clay on Twitter and Instagram.
NEW TO THE SHOW?
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
- Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.
- Find an advisor who’s invested in you with iA Financial Services Inc.
- If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.
- Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.
- Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.
- Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.
- Throw out the old traditions and get progressive. Discover the complete package – smart design, lots to love under the hood with Genesis.
- Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today – 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.
- More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours – with exceptional service and experts who meticulously tailor opportunities for you.
- Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.
- If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
- Get personalized, expert advice that helps you see things clearly with ATB.
- In a world of probabilities, trade the possibilities with Pepperstone.
- If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.
- Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.
- Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.
- Start building a portfolio of alternative farm and timberland assets with AcreTrader.
- Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.
- Support our free podcast by supporting our sponsors.
HELP US OUT!
Help us reach new listeners by leaving us a rating and review<