In this episode, Charlie Munger was asked what caused the negative Lollapalooza effect in financial markets during 2008?
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This conversation of Charlie Munger and Dr. Thomas A. Tombrello at the 2008 DuBridge Distinguished Lecture Series at the California Institute of Technology was recorded on March 11, 2008.
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☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.
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Charlie Munger: We Warned About 2008, but No One Listen... | Caltech 2008 【C:C.M Ep.240】
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