If you want to invest like Charlie Munger, you’re late to the party. The investor’s genius in spotting what’s become known as the “quality factor”—buying good companies—made a ton of money for him and business partner Warren Buffett. Nearly 50 years on, it might not be such a great time to copy his strategy.
For those who missed the late Munger’s brilliance, he’s the one who persuaded the billionaire Buffett to shift Berkshire Hathaway’s focus from “cigar butt” value stocks—bad companies that no one else wants, and so are cheap—to buying “wonderful businesses at fair prices.”
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Source: finance.yahoo.com
Related posts:
Mars has secretly become bigger than Coca-Cola, and the reason might not have much to do with candy ...
Taiwan Semiconductor Stock Surges on First Trading Day of 2022
Rule of 55 vs. 72(t): Retirement Plan Withdrawals
Interest Rates Are Set to Fall in 2024. History Says This Is What Will Happen to the Stock Market.
Kevin O'Leary Recommends People Have A Minimum $5 Million For Financial Security: Sage Advice Or Ton...