Why It’s So Hard to Copy Charlie Munger’s Secret Sauce

James Mackintosh

Nov. 30, 2023 11:00 pm ET

If you wish to make investments like Charlie Munger, you’re late to the occasion. The investor’s genius in recognizing what’s develop into often known as the “high quality issue”—shopping for good corporations—made a ton of cash for him and enterprise accomplice Warren Buffett. Practically 50 years on, it may not be such a good time to repeat his technique.

For individuals 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” worth shares—unhealthy corporations that nobody else needs, and so are low cost—to purchasing “fantastic companies at truthful costs.”

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