Charlie munger age

It’s easy to say you’ve lived a happy life if you’re a nearly 100-year-old billionaire. But it wasn’t always like that. When Charlie Munger was 31 years old, he lost his nine-year-old son Teddy to cancer. Munger had gotten divorced a year before his son was diagnosed. Munger was alone, heartbroken, and financially broke. His ex-wife got the house, and he lived in a bachelor’s apartment and drove a wreck of a car. His friends say he walked the streets crying every night as he returned from the children’s ward at the hospital. What could have ruined his life made him determined to prosper. This is what happened in the years after the death of his son: • He got remarried at age 32 (and had four more children) • He met Warren Buffett at age 35 • He was financially independent at age 38 This is incredibly impressive and bears witness to a strong personality and a wise soul. Munger is like an old owl, and he’s worth listening to. W hat does he say about living a great life? Here are his top seven rules for achieving a happy life: 1. Avoid Envy “Someone will always be getting richer faster than you. This is no great tragedy,” he says. His partner Warren Buffett adds that the world is not run by greed, but rather by envy. In other words, envy will make you miserable, and it’ll also turn you into a lousy investor. 2. Avoid Resentment If you want a miserable life, you just need to wallow in resentment. Write a list of all the things you regret and resent, and blame it on people arou...

Warren Buffett got his start by investing in small, unknown companies for less than they were worth. A lot has changed in the decades since, and Buffett has repeatedly said that many of those easy opportunities have long been lost due to a far more sophisticated and informed market. During Berkshire Hathaway's ( 1.25%) ( 1.17%) annual shareholders meeting on Saturday, Buffett's right-hand man, Charlie Munger, had a warning to investors. "I think value investors are going to have a harder time now that there's so many of them competing for a diminished bunch of opportunities. So my advice to value investors is to get used to making less," Munger said. But before you despair, consider this piece of good news: Buffett believes that short-term thinking and dumb ideas are running more rampant than ever. Investors who combat these impulses with patience can gain an edge over Wall Street. Here's what Munger and Buffett said about value investing at the annual meeting -- and how their lessons could help you make wise investment decisions. Image source: The Motley Fool. Opportunities occur when people do dumb things Because Berkshire is so big now, Buffett and Munger can't benefit much from investing in traditional hidden gems. Instead, they have to focus more on finding high-quality companies and letting those investments compound over time. Yet value investors around the world still look up to them for their ability to identify what Buffett would call "a wonderful business at a f...

Warren Buffett and Charlie Munger have a reputation for being some of the most successful investors of all time, and it's pretty clear why. Over the past 20 years, shares of Berkshire Hathaway grew by 590%, handily beating the market's return of 533%. But you don't need to spend years studying their techniques to improve your own investing process. In fact, a lot of their folksy chestnuts of investing wisdom are quite digestible -- so let's learn three of their quick tips that'll help you to power returns for decades to come. Image source: The Motley Fool. 1. You make money by holding, not buying and selling Buffett and Munger are famously patient, and their perspective can be summed up in Buffett's advice that "if you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." In short, you make money by holding quality companies for long periods. Transitioning your mindset from buying and selling stocks in quick succession is difficult, but your most important skill is often simply to do nothing. That's right, once you make a purchase, simply do nothing else with the shares you bought -- for years. You can and should still keep up with the company's happenings in that time. And you might even consider adding to your position if you find some extra cash to invest. Most of all, the plan is to simply leave your shares alone, quietly (hopefully) gaining in value. Buffett's investment in medical supply distributor McKesson is just one of many...

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Real Name/Full Name Charles Thomas Munger Nick Name/Celebrated Name: Charlie Munger Birth Place: Omaha, Nebraska, U.S. Date Of Birth/Birthday: 1 January 1924 Age/How Old: 99 years old Height/How Tall: In Centimetres – 180 cm In Feet and Inches – 5’ 10” Weight: In Kilograms – 70 kg In Pounds – 154 lbs Eye Color: N/A Hair Color: White Parents Name: Father – Alfred C. Munger Mother – Florence Munger Siblings: Yes (Carol Munger and Mary Munger) School: N/A College: University of Michigan Religion: Christian Nationality: American Zodiac Sign: Capricorn Gender: Male Sexual Orientation: Straight Marital Status: Divorced Girlfriend: N/A Wife/Spouse Name Nancy Huggins (m. 1945-1953), Nancy Barry (m. 1956-2010) Kids/Children Name: Yes (Charles T. Munger, Jr., Wendy Munger, Molly Munger, Emilie Munger Ogden, Philip R. Munger, Barry A. Munger) Profession: Businessman, American investor, former real estate attorney and philanthropist Net Worth: $2.5 billion Last Updated: June 2023 Charles Thomas Munger was born on 1 st day of 1924, in Omaha, Nebraska, US, to Alfred C. Munger and Florence Munger. Charlie Munger is a well-known and reputed businessman of America. He is considered one of the wealthiest businessmen in the world. In the Daily Journal Corporation, he served as a chairman, and now he is the non-serving chairman in the company. He also serves as vice-chairman of Berkshire Hathaway, and from there, he is well known as the right-hand man of Warren Buffett. He also holds several ...