In 1999, Charlie Munger penned an investment Master Class, an article that “shreds the conventional wisdom” used by foundations to invest. While aimed at foundations, the article contained lots of lessons for individual investors. Munger directed his attacks mainly at the multiple layers of consultants and “investment councilors” employed by these large investors, in an attempt to try and outperform the market. Q1 2023 hedge fund letters, conferences and more These legions of third-party advisors were all tasked with making sure foundations followed the “latest notions of corporate finance professors” when picking and choosing investments and managing their portfolios on…
Charlie Munger’s Advice For Managing Money
Rupert Hargreaves
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
