Uploaded September 2022 | Updated September 2026, 2 hours ago
Charlie’s rare 1998 speech references:
Greek philosopher Demosthenes "What a man wishes, he will believe."
Bernie Cornfeld
Consultants
General Motors lollapalooza mistake
Long Term Capital Management and high leverage / debt
Nobel Laureate Richard Feynman "The first principle is that you must not fool yourself and you’re the easiest person to fool."
LBO funds
Berkshire Hathaway
General Electric /GE
Peter Drucker
Foreign stocks / investing aboard vs USA / US
Diversification
Woodruff foundation / Coca-Cola / KO
Coca-Cola / KO / Gillette
Ben Franklin
Index investing / Indexing
Charitable foundations
IMPORTANT NOTE: This audio is made from written notes of the live lecture in 1998. Notes intrinsically cannot convey tone, may be incomplete, and may be subject to unintentional human error. Although great effort has been made to ensure accuracy and to ensure that the intended meaning is conveyed, the content of this audio recording cannot and must not be relied upon for any purpose whatsoever as containing any definite statement of Mr Munger and no guarantee is made or can be made of its accuracy. There are many unequivocal sources of Mr Munger’s opinions over the years that would be much more suitable to rely upon for any purpose.
Charlie’s rare 1998 speech references:
Greek philosopher Demosthenes "What a man wishes, he will believe."
Bernie Cornfeld
Consultants
General Motors lollapalooza mistake
Long Term Capital Management and high leverage / debt
Nobel Laureate Richard Feynman "The first principle is that you must not fool yourself and you’re the easiest person to fool."
LBO funds
Berkshire Hathaway
General Electric /GE
Peter Drucker
Foreign stocks / investing aboard vs USA / US
Diversification
Woodruff foundation / Coca-Cola / KO
Coca-Cola / KO / Gillette
Ben Franklin
Index investing / Indexing
Charitable foundations
IMPORTANT NOTE: This audio is made from written notes of the live lecture in 1998. Notes intrinsically cannot convey tone, may be incomplete, and may be subject to unintentional human error. Although great effort has been made to ensure accuracy and to ensure that the intended meaning is conveyed, the content of this audio recording cannot and must not be relied upon for any purpose whatsoever as containing any definite statement of Mr Munger and no guarantee is made or can be made of its accuracy. There are many unequivocal sources of Mr Munger’s opinions over the years that would be much more suitable to rely upon for any purpose.
