While we wait for Berkshire Hathaway to reveal its U.S. stock holdings as of March 31 (first quarter 2009) to see what stocks Warren Buffett bought/sold, investors can absorb some knowledge from his business partner Charles T. Munger.
The Standford Law School has published an interview with Charles Munger, the vice chairman of Berkshire Hathaway , by professor Jopseph A Grundfest. The interview “Q&A: Legal Matters with Charles T. Munger“ can be found in Standford Lawyer’s Spring 2009 issue (#80)
It is posted on their website in pdf, html, & streaming video formats:
For those of you unfamiliar with Charles Munger, he is also the chairman of Wesco Financial Corporation (WSC), a subsidiary of Berkshire Hathaway. He is also co-founder of the renowned law firm Munger, Tolles & Olson LLP. Unlike Buffett, Munger likes to remain out of the public spotlight for the most part, and is most famous to the public for his association with Warren Buffett and Berkshire Hathaway. However, he is a very successful investor in his own right, and has strongly influenced/changed Buffett’s original investment style & philosophy. Munger is well known to be an advocate of common sense and the importance of multi-disciplinary education. His knowledge is just as useful as Buffett’s but much more well rounded. Knowledge & guidance on an investor/business person’s own development can be gained from listening to what Munger has to say about business, economics, education, self-improvement, and his philosophy on life itself. I encourage everyone to read the interview.
I credit Ravi Nagarajan, who’s blog The Rational Walk, is where I came across the interview on. Ravi follows Buffett and Munger on his blog site. Go visit it, as he has some very good articles. Great find Ravi!
I also put his blog on my Blogs I Recommend list, as I’ve come to conclude that his investor mentality & thinking is one I can dependably recommend to my readers to follow as well.
Feel free to post questions, comments, or topic suggestions.
Has someone you know lost a significant portion of their life savings in mutual funds in the financial crisis? You may find my March 2009 article The Unfortunate Baby Boomers (The Mutual Fund Retirement Myth) interesting, as I discuss what I’ve identified that has led to such an outcome. Hopefully people can stop it from continuing.
Thanks & Happy Investing!
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