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RIP Charlie Munger - Death of an Investing Titan

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My 2 cents		#1 Posted : Wednesday, November 29, 2023 11:19:57 AM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		Charlie Munger, Warren Buffett’s Partner and ‘Abominable No-Man,’ Dies at 99 (Excerpt from WSJ) No equal business partner has ever played second fiddle better than Charlie Munger. Warren Buffett’s closest friend and consigliere for six decades, the billionaire vice chairman of Berkshire Hathaway died Tuesday at age 99 in a California hospital. A news release from Berkshire confirmed his death. In public, especially in front of the tens of thousands of attendees at Berkshire’s annual meetings, Munger deferred to Buffett, letting the company’s chairman hog the microphone and the limelight. Munger routinely cracked up the crowd by croaking, “I have nothing to add.”
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VituVingiSana		#2 Posted : Wednesday, November 29, 2023 5:09:18 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi		May Charlie RIP I loved his no- nonsense quips! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Angelica _ann		#3 Posted : Thursday, November 30, 2023 3:13:44 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		The vanity of wealth! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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My 2 cents		#4 Posted : Thursday, November 30, 2023 6:16:00 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		Angelica _ann wrote: The vanity of wealth! In the longrun we are all dead. Whether rich or poor.
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obiero		#5 Posted : Thursday, November 30, 2023 8:52:04 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi		My 2 cents wrote: Angelica _ann wrote: The vanity of wealth! In the longrun we are all dead. Whether rich or poor. The goal is to try to create generational impact HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents		#6 Posted : Thursday, November 30, 2023 9:45:15 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		obiero wrote: My 2 cents wrote: Angelica _ann wrote: The vanity of wealth! In the longrun we are all dead. Whether rich or poor. The goal is to try to create generational impact If you are talking about leaving great wealth to your progeny...look up..'shirtsleeves to shirtsleeves'.
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obiero		#7 Posted : Thursday, November 30, 2023 10:04:20 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi		My 2 cents wrote: obiero wrote: My 2 cents wrote: Angelica _ann wrote: The vanity of wealth! In the longrun we are all dead. Whether rich or poor. The goal is to try to create generational impact If you are talking about leaving great wealth to your progeny...look up..'shirtsleeves to shirtsleeves'. https://www.rbcwealthman...es-to-shirtsleeves-adage HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana		#8 Posted : Friday, December 01, 2023 9:04:46 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi		Angelica _ann wrote: The vanity of wealth! What does "the vanity of wealth" mean in this context? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Angelica _ann		#9 Posted : Thursday, December 07, 2023 2:14:17 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		VituVingiSana wrote: Angelica _ann wrote: The vanity of wealth! What does "the vanity of wealth" mean in this context? His death just left some hollow space in my investment spirit. I was a big fan of him. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana		#10 Posted : Friday, December 08, 2023 10:42:39 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi		Angelica _ann wrote: VituVingiSana wrote: Angelica _ann wrote: The vanity of wealth! What does "the vanity of wealth" mean in this context? His death just left some hollow space in my investment spirit. I was a big fan of him. Yes, he was brilliant. But what does "Vanity of Wealth" mean in this context? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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