How Charlie Munger found value investing success
11/30/2023 02:23
Legendary investor Charlie Munger died Tuesday November 28th at the age of 99, leaving an indelible investing legacy crafted over decades alongside friend and Berkshire Hathaway leader Warren Buffett (BRK-A, BRK-B). Munger was instrumental in shifting Buffett from lower-quality "cigar butt" stocks to premium businesses bought at fair prices, explains Jonathan Boyar of Boyar Value Group. Boyar credits Munger's influence as the catalyst for much of Berkshire's success, inspiring "a whole generation of investors," though he believes such performance is "never gonna be replicated again." Interactive Brokers strategist Steven Sosnick says while Munger's exact style of value investing looks harder to execute presently given growth stock dominance, opportunities remain. In current markets, Sosnick suggests that investors look for growth stocks that exhibit value stock characteristics, such as Apple (APPL). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Legendary investor Charlie Munger died Tuesday November 28th at the age of 99, leaving an indelible investing legacy crafted over decades alongside friend and Berkshire Hathaway leader Warren Buffett (BRK-A, BRK-B).
Munger was instrumental in shifting Buffett from lower-quality "cigar butt" stocks to premium businesses bought at fair prices, explains Jonathan Boyar of Boyar Value Group. Boyar credits Munger's influence as the catalyst for much of Berkshire's success, inspiring "a whole generation of investors," though he believes such performance is "never gonna be replicated again."
Interactive Brokers strategist Steven Sosnick says while Munger's exact style of value investing looks harder to execute presently given growth stock dominance, opportunities remain. In current markets, Sosnick suggests that investors look for growth stocks that exhibit value stock characteristics, such as Apple (APPL).
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.