Charlie Munger
speaker
204 appearances
4 recordings
4 series
first heard Nov 2022
last heard 6 Feb
Charlie Munger’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 1.
Appearances
We had about the same amount of fun all the way through. We're having fun now.
Well, we remember we were sweating blood in some of those good old days.
Yeah, yeah. There were a lot of close misses. We got out with a big problem in Solomon. We could have had a big loss.
Not so much. We would have survived it. If you had let the whole investment in Solomon go to zero, it would have been... If it had all blown up and went to zero, we would have written it off and gone on and done pretty well.
Well, we like to remember the close misses. We had real terrible problems. We had a terrible problem with the Buffalo News.
Yeah, there were two newspapers in that town, and we started a Sunday edition, and that started a holy war, and the other guy went broke. Well, we could have had a lot of bad publicity over that.
I mean, you weren't the Warren and Charlie of... No, but I was very aggressive about wanting to have a good Sunday edition. I didn't want to own the paper for 50 years. There was no Sunday edition when the other guy had one.
Total goldmine.
No, only the little ones. Only the little ones, oh. Yeah, the big ones were less, 30 or 40 or 20, 500.
What were you thinking? Well, I've never liked John Malone's extreme manipulations. I don't want to be known as the great manipulator like John Malone is. He paid less income taxes than anybody. He just pushed everything to the dry lodge of the stream.
Well, there are a lot of great companies. So Hermes is a great company. In its heyday, General Motors was a great company. It just gradually went to hell one contract at a time.
I think most places have a lot of change and threat in their future.
There's a difference. Some of what I call a specialized industrial company, and Berkshire has a lot of them. We have a lot of companies that are quite insulated from really tough competition. Just because they've been so long and they're so good at what they do and they have a good reputation and high value and so on and so on.
Well, I think a lot of companies are pretty good, but you can't confidently say what's going to happen because you may get some guy like Iger in that just wants to push everything and do the right public relations. So no matter how good the business is, it'll be kind of phony.
Well, of course, you've got to get along with everybody. You've got to help them through their tough times and they help you and so forth.
But I think it's not as hard as it looks. I think half of the marriages in America work pretty damn well. And would it work just as well if both of us had to marry somebody else, by the way?
Yeah, sure.
And you've got to have trust with your spouse when it comes to things like education of the children and so forth.
Well, you know, if you start to think about it, it's pretty hard. It doesn't look so damned easy just to go out. If you go to the ordinary person trying to promote himself as an investment advisor of some kind, he just thinks he knows everything about everything and how the Federal Reserve should be run and so on. We don't feel that way.
you'll do pretty well at, but it's not going to be that damn easy.
Showing 181–200 of 204 · page 10 of 11
← Previous
Next →