TIP683: The Evolution of a Legend: Lessons from Charlie Munger’s Life and Investments w/ Kyle Grieve
0:00
1:14:36
In today's episode, Kyle Grieve explores the life of Charlie Munger, drawing insights from his biography Damn Right!. He’ll cover Charlie’s similarities and differences with Benjamin Graham, the value of dedicating an hour a day to thinking, the role of decisiveness and conviction in transformative investments, and how independent thinking shaped his life. Plus, he’ll discuss lessons from his days practicing law, key takeaways from his investment partnership, and much more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:25 - How Charlie Munger’s approach to investing was more similar to Benjamin Graham than most think.
13:08 - How selling himself just one hour a day transformed Charlie’s thinking.
14:36 - Learn about Charlie’s multi-billion-dollar missed opportunity.
25:22 - Lessons from Munger’s legal career on working with people you like and how that shaped his investing strategy.
32:15 - Insights from Munger’s Investment Partnership: what worked, what didn’t, and why.
33:13 - What Munger and Benjamin Graham can teach you about the power of independent thinking.
42:22 - Why highly concentrated portfolios thrive in bull markets but face unique challenges in bear markets—and why they’re not for everyone.
53:21 - Why owning a high-quality business is not just profitable but also less stressful—and infinitely more enjoyable.
01:00:55 - Discover why Berkshire Hathaway never having a grand plan was a massive advantage.
01:03:20 - How Munger approached capital allocation and his contrarian views on the cost of capital.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger here.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
River
Toyota
Connect Invest
TastyTrade
The Bitcoin Way
Public
Fundrise
American Express
Miro
ReMarkable
Onramp
SimpleMining
Bluehost
Vanta
Shopify
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Flere episoder fra "We Study Billionaires - The Investor’s Podcast Network"
Gå ikke glip af nogen episoder af “We Study Billionaires - The Investor’s Podcast Network” - abonnér på podcasten med gratisapp GetPodcast.
