Charlie Munger
Charles Thomas Munger was born on January 1, 1924, in Omaha, a city that formed the starting point of an educational and professional journey that would carry him far from his origins. He attended Omaha Central High School before moving on to the University of Michigan College of Literature, Science, and the Arts and the California Institute of Technology. He subsequently earned a legal degree from Harvard Law School, tracing an academic path from the Midwest through institutions on opposite coasts of the United States.
Munger worked across several professional domains throughout his career, holding occupations as a lawyer, investor, financier, fund manager, and merchant. His legal training at Harvard preceded and informed his engagement with finance and investment, and he operated broadly as an American businessman. His work was conducted in the English language, situating him within the tradition of American commercial and legal practice.
Munger died on November 28, 2023, in Santa Barbara, California, having moved considerable geographic distance from the Omaha of his birth and schooling. His career had taken him from the public schools of his home city through the California Institute of Technology and Harvard Law School and into decades of activity spanning law, investment, and business. Santa Barbara was the city where his life concluded, nearly a century after it began in Omaha.
Quotes by Charlie Munger
Charlie Munger's insights on:

In my whole life, I have known no wise people who didn't read all the time, none. Zero.

Where you have complexity, by nature you can have fraud and mistakes...This will always be true of financial companies, including ones that run by governments. If you want accurate numbers from financial companies, you're in the wrong world.

By and large, I don't think too much of finance professors. It is a field with witchcraft.

For one of the most successful business strategies is to be a contrarian investor— to go in the opposite direction — to buy when others are selling.

Intense interest in any subject is indispensable if you're really going to excel in it.

All intelligent investing is value investing – acquiring more than you are paying for. You must value the business in order to value the stock.

Investors can have 90% of their wealth in a single company, if it is the right company.

If you're unhappy with what you've had over the last 50 years, you have an unfortunate misappraisal of life. It's as good as it gets, and it's very likely to get worse.

Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don't think anything is fundamentally wrong.
