Charlie Munger's Latest Parable: Basically It's Over

Ravi Nagarajan submits:One of the unfortunate aspects of the Internet era is that sound bites have become far more powerful than in the past. We have unprecedented access to information, but attention spans are short and content is consumed in bits and pieces.

Ravi Nagarajan submits:In a rare appearance at the University of Michigan on September 14, Berkshire Hathaway (BRK.A) Vice Chairman Charlie Munger participated in an extended discussion with CNBC anchor Becky Quick. In a wide ranging discussion, Mr.

Ravi Nagarajan submits:“There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash - and I don ’t want to go back.” - Berkshire Hathaway Vice Chairman Charlie Munger as quoted in Poor Charlie’s Almanack.

Ravi Nagarajan submits:In a 13D filing today with the SEC, Berkshire Hathaway (BRK.B

Ravi Nagarajan submits:

author name submits:One of the first lessons that investors can learn from studying the shared wisdom of Berkshire Hathaway (BRK.A)(BRK.B) Vice Chairman Charlie Munger is this: it is not all about the numbers. It is also about psychology, behavior, and stories.

Ravi Nagarajan submits: “I think the top guy won’t be as smart as Warren. But it’s silly to complain: What kind of world is this that gives me Warren Buffett for 40 years and then some bastard comes along who’s worse?” — Charlie Munger, quoted at the 2004 Wesco Financial annual meeting

Ravi Nagarajan submits:In a long awaited announcement, Berkshire Hathaway (BRK.A) has named an investment manager to handle a “significant portion” of the company’s investment portfolio. In a press release (pdf) issued Monday, Berkshire announced the appointment of Todd Combs and included a quote from Warren Buffett: