Charlie Munger’s “Sit On Your A**” Style Of Investing

Charlie Munger is Warren Buffett’s right-hand man and partner at Berkshire Hathaway. The duo has worked together for decades, but they both have relatively different investment principles. Q1 2021 hedge fund letters, conferences and more Indeed, while Buffett is often considered an incredibly patient long-term investor, his patience is nothing compared to Munger’s. Charlie Munger’s strategy Like Buffett, Munger ran his own investment partnership before coming to Berkshire Hathaway in the late ’70s. Over its life, from 1962 to 1975, Munger’s partnership returned an average of 24.3% per annum, compared to the Dow Jones Industrial Average, which returned 6.4% over…