One of the most famous investment minds of our lifetime is Charlie Munger. Although Warren Buffett’s net worth might be higher than Munger, it’s obvious to most that Munger is equally responsible for Berkshire’s success.
During this week’s episode, we are joined by our mastermind companion, Hari Ramachandra, because he attending the Daily Journal’s shareholder meeting with Charlie Munger. The Daily Journal is an American publishing company, that’s headquartered in Los Angeles, California. Munger is famous for breathing new life into the business by investing the cash into a few high-performing investment ideas.
In this episode, you’ll learn:
- What would happen if we all bought index funds
- What the future holds for money managers
- Why it would be delusional to think you understand the future of payment systems.
- Why you need to earn the right to become rich
- Whether you should invest through a partnership or a holding company
Get The Investor’s Podcast blog posts, and podcast episode updates on your Facebook feed by liking We Study Billionaires.
Books and Resources Mentioned in this Podcast
Hari’s notes on the DJCO annual meeting 2017
Hari’s Blog: BitsBusiness.com
Tweet directly to Hari
Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book
Ed Thorp’s book, A Man for All Markets