Charlie Munger passed away

Unfortunately Charlie Munger has passed away at the age of 99 after a long and very successful investing career, mainly associated to Berkshire Hathaway.

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It might be worth to remind ourselves / share some of the key investment tips that Charlie Munger may have provided and be of use to all investors.

Eg. I believe these are a couple:

  1. Concentrate portfolios in companies that you understand well, are knowledgeable and have high conviction in (although I don’t agree with such high concentration)
  2. According to Buffet, Munger taught him to avoid “cigar butts” and to invest good companies at fair prices, instead of average companies at bargain prices.
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He appeared on this podcast only a few weeks ago :point_down:

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