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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 worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid