Charlie Munger - a wise man & great teacher

[Wildreamz]

From the article, it seems the investing track record is not as good as Berkshire ?

-------------

https://finance.yahoo.com/news/charlie-m...37307.html
"....It's worth noting that Munger's hands-off approach wasn't a winner across the board. The value of Daily Journal's Wells Fargo and US Bancorp positions rose by less than 10% in a decade, while the S&P 500 surged by over 150% in the same timeframe. The company's Bank of America stake did better, rising by almost 120% in that period.

Munger's record appears to have been saved by an early bet on Chinese EV maker BYD. The wager likely made up the lion's share of Daily Journal's $138 million in unrealized gains on September 30, and allowed it to realize a 15-fold return on a $3.3 million wager in late 2021....."

Charlie Munger's net worth is in 3 positions: Costco, Berkshire and Li Lu funds. Each names within these 3 positions are not too significant.

Edit: Regarding specifically his Daily Journal portfolio, it strikes me that he is quite hands-off about it, except for a few notable names. Not sure about the details.

[Choon]

"投资，尤其是在正道上的价值投资，其实就是一个人的熵减的旅程。在这个过程中，你确实可以帮助着去创造，你确实可以做到“多赢”，你不仅帮助了自己，也帮助了身边的人。而且这些被你所支持的洞见，能够让人类世界变得和其他生物所在的客观世界完全不一样。我觉得这是一件特别美妙的事，我想把这种感觉也分享给大家"

"Investment, especially value investing on the right track, is actually a journey of entropy reduction for a person. In this process, you can indeed help create, you can indeed achieve "win-win", you not only help yourself, but also help the people around you. And these insights that you support can make the human world completely different from the objective world where other organisms reside. I think this is a particularly wonderful thing, and I want to share this feeling with everyone as well"

Reading Li Lu's book and found inspiration, encouragement and insight in above paragraph - that through value investing, one can also be doing good for society.