Charlie Munger, Buffett's Right-Hand Man and Investing Sage, Dies at 99
-
Charlie Munger, Warren Buffet's right-hand man at Berkshire Hathaway, passed away at age 99. He disliked bitcoin but crypto investors can still learn from his investing wisdom.
-
Munger said to only invest in what you understand. This could explain why he avoided crypto, but also why Berkshire missed big tech opportunities.
-
Munger valued temperament over IQ - great investors control emotions, gather facts, think carefully, and don't rush. Patience is key.
-
Munger endured many market crashes over 60+ years. Long-term investors must have conviction and stomach volatility.
-
Munger died just shy of his 100th birthday. Buffet said Berkshire Hathaway couldn't have succeeded without Munger's "inspiration, wisdom and participation."