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Charlie Munger On One Of His Biggest Mistakes

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Rupert Hargreaves
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Reading through the histories of Warren Buffett and Charlie Munger, it would be easy to conclude that these two billionaires have never lost money on an investment. It seems everything they touch turns to gold.

However, Buffett and Munger have made mistakes in the past, but these mistakes have been relatively small compared to the profits they’ve booked over the years.

Charlie Munger -- Part Two: Quality Over Value

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Charlie Munger
By Nick (Charlie Munger) [CC BY 2.0], via Wikimedia Commons

Charlie Munger On One Of His Biggest Mistakes Bell rich oil

One of these mistakes was described by Charlie Munger at the Daily Journal...

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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 Hedge Fund Alpha