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Legendary investor Charles Thomas Munger has built a following of his own among the community.
Charlie Munger emphasized only investing in businesses one fully understands.
KEY POINTS
- Munger's four investment principles include understanding, intrinsic value, management quality, and price.
- Munger influenced Buffett to shift from cheap stocks to high-quality businesses at fair prices.
- Under Munger and Buffett, Berkshire Hathaway averaged 20% annual gains from 1965 to 2022.
COMPANIES
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