StarZero All shows Try the podcast clipper →

Charlie Munger

27 statements across 3 episodes · 13 bullish · 10 bearish · 3 people on the record · first statement Mar 29, 2023 by David Senra · said 182 times in 30 episodes since 2021 · across every show →

On the record as a speaker too: Charlie Munger's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by David Senra (75), David Rosenthal (54), Ben Gilbert (35), Steve Ballmer (5), Howard Marks (5), Michael Lewis (2), Jim Weber (2), Brinton Johns (2)

tap a year for its mentions
007541508202120222023202420252026episodesmentions
048202120222023202420252026episodes it came up in
00104208202120222023202420252026episodesmentions per episode
2026 3 mentions in 3 episodes 1 per episode
2025 21 mentions in 4 episodes 5 per episode
2024 8 mentions in 5 episodes 2 per episode
2023 126 mentions in 8 episodes 16 per episode
2022 17 mentions in 8 episodes 2 per episode
2021 7 mentions in 2 episodes 4 per episode

every mention, scene by scene, with the transcript →

Everything said about Charlie Munger, oldest first

Mar 29, 2023
Insight
Munger: Wealthy Parents Must Inherit Wealth or Children Will Hate Them
“And he's like, he definitely feels that some of them are going to be less motivated because they're born rich, but he said this was the most surprising thing. But he goes, you have to give them the money anyways or they're going to hate you for it.”
David Senra Mar 29, 2023 ▶ 1:09:52 Sessions: David Senra (Founders Podcast) · Acquired
Mar 29, 2023 positive
Insight
Senra: Munger approaches inevitable life problems with complete indifference
“Charlie has an almost complete indifference to problems. Troubles from time to time should be expected. This is inescapable, so why would you let it bother you?”
David Senra Mar 29, 2023 ▶ 1:12:29 Sessions: David Senra (Founders Podcast) · Acquired
Mar 29, 2023 neutral
Assertion Contradicted
Senra: Buffett and Munger Spent Up to Eight Months per Berkshire Letter
“How much time they spend on those letters. It's like half a year, seven, eight months for every letter.”
David Senra Mar 29, 2023 ▶ 1:39:58 Sessions: David Senra (Founders Podcast) · Acquired
Mar 29, 2023 positive
Assertion Supported
BYD's Founder Succeeded by Ignoring Munger and Li Lu's EV Advice
“That Charlie and Li Lu Lu Li Li Lu gave the founder advice and he ignored it. And he was right. He's like, don't go in electric cars or whatever it was that he did.”
David Senra Mar 29, 2023 ▶ 2:48:29 Sessions: David Senra (Founders Podcast) · Acquired
Mar 29, 2023 positive
Assertion Partly supported
Charlie Munger Turned One Barron's Idea Into $400 Million With Li Lu
“He's like, I read Barron's every all the time for 50 years. I found one idea that I can act on. I made fifty million dollars on that deal, and then I took that fifty million and I gave it to Lee Lu. Is that the? Oh, yeah, yeah. In Seattle. I gave that fifty mi…”
David Senra Mar 29, 2023 ▶ 19:47 Sessions: David Senra (Founders Podcast) · Acquired
Mar 29, 2023 positive
Assertion Supported
Senra: Charlie Munger recommends reading Les Schwab's autobiography on incentives
“Charlie Munger says you should read, if you want to learn about incentives in a really difficult business, read Les Schwab's autobiography, which I did because Charlie told me to, did it like episode a long time ago.”
David Senra Mar 29, 2023 ▶ 3:04:05 Sessions: David Senra (Founders Podcast) · Acquired
Oct 30, 2023 negative
Opinion
Munger says top venture capital earners are trend-chasers, not great investors
“The people who made the most money out of venture capital are a lot like investment bankers deciding which hot new area they're going to get in. They're not great investors or great at anything.”
Charlie Munger Oct 30, 2023 ▶ 25:05 Charlie Munger (Audio) · Acquired
Oct 30, 2023 bearish
Opinion
Munger believes only one or two electric vehicle makers are investable
“Well, for maybe for one or two electric cars that are really good at it, maybe, but certainly nobody else.”
Charlie Munger Oct 30, 2023 ▶ 29:56 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Insight
Munger says operating with personal wealth beats managing outside capital
“Once I had enough money on my own, I'd rather just operate with my own money. That is a much better way of doing it.”
Charlie Munger Oct 30, 2023 ▶ 38:46 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
Opinion
Munger says short-term gains should be taxed without any loss offsets
“If I were running the world, I would have a tax on short-term gains with no offset for losses on anything. And I would just drive this whole crowd every ball of business.”
Charlie Munger Oct 30, 2023 ▶ 6:39 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Insight
Investors need significant participation in a few top market leaders
“What everybody has learned is that everybody needs some significant participation in the 12 companies that do better than everybody else. And you need two or three of them at least.”
Charlie Munger Oct 30, 2023 ▶ 41:13 Charlie Munger (Audio) · Acquired
Oct 30, 2023
Insight
Munger says great investment opportunities only happen five or six times
“There aren't many times in a lifetime when you know you're right and you know you have one that's really going to work wonderfully. Maybe five, six times in a lifetime you get a chance to do it. And people do it two or three times early. All go broke because t…”
Charlie Munger Oct 30, 2023 ▶ 12:38 Charlie Munger (Audio) · Acquired
Oct 30, 2023 bullish
Opinion
Munger attributes BYD's success to Wang Chuanfu's IQ and reverse-engineering skills
“BYD was a miracle, but that guy works 70 hours a week and has a very high IQ. He can do things you can't do. You can look at somebody else's auto part and he can figure out how to make the goddamn thing.”
Charlie Munger Oct 30, 2023 ▶ 30:08 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Assertion Supported
Munger and Buffett turned a $20M savings and loan into $2B
“We bought a little pissant savings loan company for maybe twenty million dollars. And when we left that thing, we had taken out of our little twenty million dollar investment Over two billion dollars in marketable securities, which went into Nebraska insurance…”
Charlie Munger Oct 30, 2023 ▶ 11:42 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Disclosure
Munger says Berkshire Hathaway never sells a halfway decent business
“If it's a problem business we've never been able to fix, we'll sell it. But if it's a halfway decent business, we never sell anything.”
Charlie Munger Oct 30, 2023 ▶ 23:29 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
Disclosure
Munger reveals he does not carry fire insurance on any properties
“I carry no fire insurance anywhere.”
Charlie Munger Oct 30, 2023 ▶ 40:48 Charlie Munger (Audio) · Acquired
Oct 30, 2023 bearish
Opinion
Munger believes nearly all investment assets worldwide have become overpriced
“Damn near. Of course it could be possible. It's not only possible, it's likely, and it's actually happened.”
Charlie Munger Oct 30, 2023 ▶ 46:47 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Insight
Munger says an investor only has to get rich once in life
“And the beauty of it is you only have to get rich once. You do not have to climb this mountain four times. You just have to do it once.”
Charlie Munger Oct 30, 2023 ▶ 48:29 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
Opinion
Munger warns modern democracies risk becoming dysfunctional like Europe after blow-ups
“Yes, an unpleasant blow up of some kind. And God knows what happens after an unpleasant blow up with our modern democracies. You would get to see a lot like Europe, which is quite dysfunctional.”
Charlie Munger Oct 30, 2023 ▶ 47:44 Charlie Munger (Audio) · Acquired
Oct 30, 2023 positive
Insight
Munger says replicating LVMH requires exceptional skill across multiple lifetimes
“Well, if you're as good as they are, what they've done, you have a lifetime to do it in, or now a lifetime, really three or four lifetimes to do it in. You can create another, but it's not easy.”
Charlie Munger Oct 30, 2023 ▶ 32:50 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
Opinion
Munger claims most startup operators end up hating their venture capitalists
“By and large, having bumped into a lot of people in the businesses with venture capital financing, I would say the ordinary rule is that people in the business doing the work, they more or not, they hate the venture capitalists. They don't feel their partner t…”
Charlie Munger Oct 30, 2023 ▶ 22:46 Charlie Munger (Audio) · Acquired
Oct 30, 2023 neutral
Insight
Munger says Kirkland is a utilitarian brand like Tide, unlike Hermès
“Kirkland is a brand the way Tide is a brand. And Hermes is a different kind of a brand.”
Charlie Munger Oct 30, 2023 ▶ 33:42 Charlie Munger (Audio) · Acquired
Oct 30, 2023 bearish
Opinion
Munger says consistently investing well in venture capital is nearly impossible
“It's very difficult to invest money well, and I think it's all but impossible to do time after time after time in venture capital.”
Charlie Munger Oct 30, 2023 ▶ 20:40 Charlie Munger (Audio) · Acquired
Oct 30, 2023 bullish
Disclosure
Munger says Warren Buffett refused to buy Carrefour's stake in Costco
“I tried to get Warren to buy out the French. When they left, careful. And Warren wouldn't do it. Warren doesn't like retailing.”
Charlie Munger Oct 30, 2023 ▶ 10:00 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
Opinion
Munger prefers investing in consumer brand power over semiconductor foundries
“Well, I don't like that as well as I like something with a real consumer brand of its own like Apple.”
Charlie Munger Oct 30, 2023 ▶ 44:49 Charlie Munger (Audio) · Acquired
Oct 30, 2023 negative
What-if
Munger admits he and Warren Buffett could not rebuild Berkshire today
“The answer to that is no, we wouldn't.”
Charlie Munger Oct 30, 2023 ▶ 39:24 Charlie Munger (Audio) · Acquired
Dec 18, 2023 bullish
Assertion Not checkable as stated
Gilbert: Munger and Huang were Acquired's biggest episodes ever
“Charlie and Margaret was by far our biggest episode ever. Jensen was bigger than any previous season episode. Dara and Daniel were right around the ballpark of what our season episodes were doing at that point in time when we had interviewed them.”
Ben Gilbert Dec 18, 2023 ▶ 41:57 Holiday Special 2023 (Audio) · Acquired
Made with StarZero

Turn any episode into a week of clips.

This entire site, nearly 80 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more