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Daily Journal 2020 Annual Meeting: Charlie Munger On Inversion And Rational Thinking

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Jacob Wolinsky
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At this year's Daily Journal annual meeting, the company's chairman, billionaire investor and right-hand man to Warren Buffett, Charlie Munger, answered two hours of questions from the company's shareholders covering everything from electric vehicles to central bank monetary policy and China's rise over the past two decades. 

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He also offered his audience some of his characteristic worldly wisdom on decision making and admitting when you are wrong. 

Charlie Munger "recognize when you're wrong"

"Well, of course, being able to recognize when you're wrong is a godsend," Munger told his audience...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.