As Berkshire’s Vice Chairman, the 95-year-old Munger is Warren Buffett’s right-hand man. He’s also an investing legend in his own right. Munger ran a firm in the 1960s and ’70s that scored returns of over 24% per year. He’s here to talk about how to make investment decisions and life choices that help secure prosperity and longevity.
I’m Andy Serwer. Welcome to "Influencers." And welcome to our guest, Vice Chairman of Berkshire Hathaway, Charlie Munger. Charlie, nice to see you.
CHARLIE MUNGER: Delighted to be here.
ANDY SERWER: So you just had the annual meeting. And I have to ask you what your favorite moments of that were.
CHARLIE MUNGER: What I like is that both the shareholders and employees of Berkshire are so extremely enthusiastic. And it’s not just that they made a lot of money and have nice careers. They think they’re on the right side.
ANDY SERWER: And, you know, they come there to hear you guys talk all day. And—
CHARLIE MUNGER: Yeah, it’s like a cult.
ANDY SERWER: It’s like a cult?
CHARLIE MUNGER: Yeah.
ANDY SERWER: In a good way, though?
CHARLIE MUNGER: Yeah, a good cult. Yeah, it’s a good cult.
ANDY SERWER: OK. I mean, and the stuff that they hear— some of it’s new, some of it’s old, and a lot of it is common sense. And you were talking a lot about—
CHARLIE MUNGER: All of …
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