Charlie was Warren Buffett’s longtime partner at Berkshire Hathaway. When asked how Berkshire achieved remarkable returns for over 50 years, Charlie’s answer was simple yet powerful: “Avoiding stupidity is easier than seeking brilliance.”
Owning multiple stocks cuts down on risk, but how many stocks is too many? Beware of “diworsification” in your portfolio.
Charlie Munger passed away November 28. He led a rich life, and here are five lessons you can take away from his legacy.
Portfolio diversification sounds great in theory, but Warren Buffet and Charlie Munger’s fortunes weren’t built by holding 50+ stocks.
Electric vehicles are advertised as creating “zero emissions.” But EV batteries and clean energy aren’t as clean as you might think.
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