Charlie Munger
Legendary investor and vice chairman of Berkshire Hathaway, known for his mental models and emphasis on high-quality compounding businesses.
“Warren sent out a note. I think it was at Thanksgiving last year. And he talked about his relationship with Charlie and anybody who wants to should get ahold of that letter and see it because it's... that's what he had with Charlie.”
Source→“Charlie's great contribution was talking Warren out of cats and dogs, out of cigar butts. His revolution was that he convinced Warren, not any company at a great price, great companies at a good price. Most people credit that as Charlie's greatest contribution.”
Source→“Charlie was clearly, clearly a tremendous genius in his own right because whereas Warren would buy 50 cent dollars, Charlie understood the power of compounding for companies that were growing all the time. And I think the two of them together, man, what a combination.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.