Charlie Munger: Seeing The Chain Letter Aspects Of The Game

Charlie Munger talks about the types of people he does not do business with.

Charlie Munger, Chain Letter

Charlie Munger On People Not To Do Business With

Transcript

You recognize that he have some flaws. OK. So you talking about against the censors. Do I know I carry everything because I’m all for Mackenzie killing came out me again. There are a lot of manipulative types of cancer. So is it just simply an observation of the people were so why take the factors you need to look at she went looking. First of all I could see the chain letter aspects of the game and the huge leverage the huge it was just. Sort of building a chain letter. It’s in transit. So it is honorable thing to do this year in nature. You’re. Doing something you can’t continue on. So no you’re making it look like it will. So it’s a transit. We are in this office so I don’t like Chandler operators, I don’t like drunks. I don’t like people. I like people raise prices on drugs. People have a half by 500 percent overnight just doesn’t work. It’s a lot of flags were flying.

Charlie Munger – How To Work For Berkshire Hathaway

Transcript

You say I get a million letters from people who want to go to work with Berkshire or want to come work.

I almost get a check for fifty thousand dollars I will pay this to work for you. I say send the 50000 back. I will say it’s a kind of a brash thing to do. I kind of admire it [inaudible] when I was young myself but I’m not looking for another starting. I’m playing the game. Anybody who’s playing [inaudible] the end game when they are 93 is crazy. It’s an end game.



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver