Charlie Munger: Most Investment Managers Act Like A “Racetrack Tout” – ValueWalk Premium
Charlie Munger

Charlie Munger: Most Investment Managers Act Like A “Racetrack Tout”

Last week, The Daily Journal held its annual meeting where Charlie Munger, the 95-Year Old Berkshire Hathaway Vice Chairman & Chairman of the Daily Journal, spoke for two hours.

Q4 hedge fund letters, conference, scoops etc

Munger covered several topics in his opening words before moving on to audience questions.

The Vice Chairman of Berkshire Hathaway spoke at length about the benefits of doing nothing in investing. This is a topic both Munger and Warren Buffett have covered many times before. They continuously extoll the virtues of staying their circle of competence and only acting when they see opportunities that offer such attractive returns they are impossible to pass up.

If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first!


This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Saved Articles