Charlie Munger: This Is How Fund Managers Should NOT Behave

In October 1998, Charlie Munger gave a speech to the Foundation Financial Officers Group at Miramar Sheraton Hotel, Santa Monica, California. Q4 2019 hedge fund letters, conferences and more For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. In the talk, the billionaire investor proclaimed that he believes charitable foundations should serve as societal exemplars. They should avoid reckless behavior and invest their trustees’ money in the most responsible ways, he added. Munger’s advice for foundations According to the speech, which was later published in his unofficial biography, Poor Charlie’s…