InvestED: The Rule #1 Investing Podcast

449- Charlie

On this bittersweet episode of InvestED, Phil and Danielle come together after taking some time to reflect on the impact of Charlie Munger, both in the financial world as well as in their own personal lives and investing journeys.

The loss of such a magnanimous figure will surely leave a void in the value investing community, but as Li Lu penned in his eulogy for Munger (link below), the man’s contributions to the collective understanding of investing practice will be felt utilized and pored over for generations to come.

Looking back on a life of great successes, philanthropy, and pithy wisdom that has inspired so many great investors to reach new heights, we have nothing to add.

For help following Charlie’s process of finding new companies to invest in, click here for Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje

Topics Discussed:

Investing as enlightenment

Munger’s aphorisms

EBITDA

Modern Portfolio Theory


Resources Discussed:

Li Lu’s eulogy for Charlie Munger

Autobiography of a Yogi

Munger’s BBC interview


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Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week. Subscribe and leave a review. Questions? Email questions@investedpodcast.com.