(26-01-2024, 01:55 PM)dreamybear Wrote: From the article, it seems the investing track record is not as good as Berkshire ?
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https://finance.yahoo.com/news/charlie-m...37307.html
"....It's worth noting that Munger's hands-off approach wasn't a winner across the board. The value of Daily Journal's Wells Fargo and US Bancorp positions rose by less than 10% in a decade, while the S&P 500 surged by over 150% in the same timeframe. The company's Bank of America stake did better, rising by almost 120% in that period.
Munger's record appears to have been saved by an early bet on Chinese EV maker BYD. The wager likely made up the lion's share of Daily Journal's $138 million in unrealized gains on September 30, and allowed it to realize a 15-fold return on a $3.3 million wager in late 2021....."
Charlie Munger's net worth is in 3 positions: Costco, Berkshire and Li Lu funds. Each names within these 3 positions are not too significant.
Edit: Regarding specifically his Daily Journal portfolio, it strikes me that he is quite hands-off about it, except for a few notable names. Not sure about the details.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger