5 Rules Charlie Munger Used To Make a 947% Return In 13 Years

Published on November 15, 2019

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In this video I explain the investing rules Charlie Munger used to generate a 947% return over 13 years. Charlie Munger is Warren Buffett’s business partner at Berkshire Hathaway, but prior to Berkshire, Munger ran an investment partnership which generated a 19.8% compounded return over 13 years, while the market returned just 5%.

Charlie Munger is a long-term value investor and some of the core investing principles that led to his success include:
(1) 3 Baskets Investing
(2) Reduced Diversification
(3) Waiting
(4) Decisive action on mistakes
(5) Hard work and Discipline

Enjoyed this video? Check out the one I did on Warren Buffet: https://www.youtube.com/watch?v=UpYXK2Majbw&t=17s

Clips Used:
▶︎ https://www.youtube.com/watch?v=peUrLZ24GfM&t=49s
▶︎ https://www.youtube.com/watch?v=ZJzu_xItNkY

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

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About Charlie Munger

Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

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