Real Estate Titan and Warren Buffet’s Sidekick, Charlie Munger, Closes his Final Portfolio

The Key Points:

– Charlie Munger, the investment guru and philanthropist, sadly leaves the estate on Nov. 28, just shy of crossing the triple-digit age limit.
– Known as Warren Buffet’s consigliere (imagine two financial Godfathers strategizing over a chessboard), Munger was a heavyweight in Berkshire Hathaway, the business magnate’s investment vehicle.
– Inman Founder, Brad Inman, reminisces about a significant lunch with the venerable investor, where Munger shared some of his most valuable insights.
– Remembered not just for his investment prowess but also for his philanthropy, Munger leaves behind a legacy that will run through Wall Street’s veins for decades to come.

Brad Inman’s Lunch with a Legend:

For Brad Inman, a casual lunch turned into a life-altering experience. Like a cow contemplating its existence while chewing hay, he claims that Munger’s words at the lunch changed his perspective on life, business, and everything in-between.

Munger’s Legacy: An Estate Tat Could Rival the Geography of a Small Country:

Charlie Munger’s legacy doesn’t just lie in the colossal paper gains he amassed over the decades. Like a prudent magician, he transformed the fortunes of numerous businesses, investing, inflating, and then re-investing. His real worth, however, was in his ability to play the long game, betting on the future when others were fixated on immediate gratification.

The Philanthropic Footprint:

While it’s often the stacks of cash that make the headlines, Munger’s philanthropic gestures have quietly been making a difference. Like Santa with a business degree, he generously sprinkled gifts of sizable donations to various notable causes throughout his life.

And Now, for the ‘Hot Take’:

Picture this: A real-estate version of Batman and Robin just lost its Robin. With Charlie Munger’s departure, Wall Street has lost a titan, although, let’s be real, he was more of an Obi-Wan Kenobi to Buffet’s Luke Skywalker, minus the light-sabers and the Jedi mind tricks. But what’s a Jedi’s real trick? Future vision, baby! And Munger had that in spades.

While Brad Inman had a consequential meal, rest of us mere mortals can only speculate on the sheer majesty of Munger’s financial acumen and the wisdom nuggets that might have been strewn across that lunch table. Talk about an all-you-can-eat buffet of brilliance!

He wasn’t just a wise man talking investments. Nope, he was like Confucius who traded stock portfolios instead of philosophy. But don’t be misled, his work wasn’t all green and no heart. He was a generous soul who turned his millions into smiles, investing as much in philanthropy as he did in the stock market.

Simply put, Charlie Munger wasn’t just a part of Wall Street’s landscape; he WAS the landscape. Now, who’s up for trying to fill those shoes?

Original article: https://www.inman.com/2023/12/06/my-lunch-with-legendary-investor-charlie-munger-and-what-i-learned/