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Charlie Munger is one of the greatest investors in the 21st century. Here's how to invest in 2023

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Summary
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41% Informative

Charlie Munger never took a single course in investing, finance, business, accounting or economics, yet somehow managed to become one of the greatest investors in the 21st century .

Munger achieved annual average returns of 19.8% between 1962 and 1975 .

He carved his own path to making money in the market for manga.

He sees more positives than negatives with Chinese investments, a position which actually a lot of people disagree with.

Manga has four simple rules that he goes through before buying stocks.

He says we have to deal in things that we're capable of understanding.

We have to have a business with some intrinsic characteristics that give it a durable competitive advantage.

And finally, no matter how wonderful it is, it's not worth an infinite price.

Manga says reduced expectations are the best defence any investor has.

Jim Cramer made an incredible 21,653 stock picks in the last seven years .

VR Score

31

Informative language

28

Neutral language

24

Article tone

informal

Language

English

Language complexity

29

Offensive language

offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

long-living

External references

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