Charles Thomas Munger (born January 1, 1924) is an American billionaire investor, businessman, and former real estate attorney. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Efeito Lollapalooza
Charlie Munger usa o termo "Efeito Lollapalooza" para vários vieses, tendencias ou models mentais que se acumulam ao mesmo tempo na mesma direção. Com isso, o resultado acaba sendo extremo (Pois todas as direções do pensamentos correm para o mesmo lado). Fazendo com que a ação seja irracional. 20
Princípio da Inversão
Charlie Munger é famoso pela sua frase "All I want to know is where I'm going to die, so I'll never go there". Inspirado pelo matematico Alemão Carl Jacobi que buscava resolver problemas difíceis seguindo uma estratégia de inversão. Dizia Jacobi que é natural que a maioria dos problemas mais difíceis sejam mais fáceis de serem resolvidos quando olhados de trás pra frente. Munger dizia que "De fato, muitos problemas não podem ser resolvidos de frente". 25
Munger is critical of cryptocurrencies, referring to Bitcoin in particular as "noxious poison." 26 Munger also compared Robinhood to gambling, saying that its success is due to "people who know how to take advantage essentially of the gambling instincts of, not only American public, worldwide public" and further explained why he thinks individual investments without commission is tantamount to gambling. "If you cater to those gambling chips, when people have money in their pocket for the first time, and you tell them they can make 30 or 40 or 50 trades a day, and you're not charging them any commission, but you're selling their order flow or whatever, I hope we don't have more of it."27 He has also said the use of cryptocurrency should be banned and said it was "beneath contempt"; 28 that bitcoin was "stupid, "immoral," and "disgusting" and that "'It's like somebody else is trading turds and you decide, 'I can't be left out'";29 and that it was like a venereal disease,30 among other things. This type of talk inspired pushback from cryptocurrency supporters.31