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Charlie Munger Singapore

Charlie Munger : “Singapore is the single most successful governmental system that exists in the world…Study the life of Lee Kuan Yew, You’re going to be flabbergasted”

If you are a Singaporean watching this video of a famous value investor, how do you feel? This feeling is amazingly good. We should feel fortunate to live in Singapore and proud to be a Singaporean, envied by many well respected people in the world including Charlie Munger.

 

Who is Charlie Munger or Charles Munger?

Charlie Munger or Charles Thomas Munger was born in 1924 and he graduated from Harvard Law School and Harvard University.  He is one of the more famous value investors with an estimated networth of USD1.3 billion (2015). Not only that, Charlie Munger is also well recognised as a former successful American lawyer and a current philanthropist. Warren Buffett often describes Charlie Munger as “my partner”. He served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). Charles Munger is the current Vice-Chairman of Berkshire Hathaway Corporation. He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

Charlie Munger and Warren Buffett

Being the right hand man of Warren Buffett, Charlie Munger helped Berkshire Hathaway shareholders achieve incredible financial results. His sharp investments has contributed to the success of Berkshire Hathaway being currently the most highly priced stock in history, on a per share basis. As of July 30, 2015, Berkshire Hathaway’s class A shares are worth a whopping $214,745 per share. He helped Warren Buffet to exponentially grow Berkshire Hathaway to its current market cap of USD352 billion, making it one of the most valuable companies in the world.

Though Charlie Munger works closely with Warren Buffett, there are some differences between the two value investing gurus. Charlie Munger has a different political view from Warren Buffett, .i.e. Munger supports Republicans while Buffett supports Democrats. Charlie Munger does not involve himself with the day to day operations in Berkshire-Hathaway and focuses on a only single interest in value investment while Warren Buffett focuses most of his time in building his business.

See Charlie Munger Quotes

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