Charlie Munger

Acquired

2023/10/30

Overview Shownote Highlights Transcript Chapters Pins

Shownote

We sit down with the legendary Charlie Munger in the only dedicated longform podcast interview that he has done in his 99 years on Earth. We’ve gotten to have some special conversations on Acquired over the years, but this one truly takes the cake. Over di...

Highlights

In a rare and exclusive longform podcast interview, Charlie Munger, at the age of 99, shares his profound insights on investing, partnerships, and business strategies. Recorded over dinner at his Los Angeles home, Munger reflects on his storied career, including his legendary partnership with Warren Buffett at Berkshire Hathaway. This conversation offers invaluable advice for today's investors and delves into his favorite investments like Costco.

05:46

Sports betting is not good for America.

30:20

Berkshire's profitable investments in Japanese trading houses due to low-interest rates and strong assets

42:31

Success comes from a few high-conviction decisions.

54:30

An investment of $270 million in BYD is now worth $8 billion.

Chapters

What Can We Learn from Munger's Early Investment Successes?

00:00

How Does Munger Evaluate Today's Market and Business Models?

20:37

Why Are Patience and High-Conviction Decisions Key in Investing?

39:40

Can Family and Marriage Lessons Inform Better Leadership?

54:30

Transcript

Ben Gilbert: Ben, when we teased this episode in the email about the Jensen episode that we just released, the guesses that we were getting from folks were amazing. I mean, people were like, it's Charlie, it's Warren, or it's Taylor Swift. And a lot of peo...