In this video, Charlie Munger shares his thoughts on the 0/6/25 high watermark fees structure, a formula popularized by the Buffett Partnership. He explains why he thinks it's a fair structure for both limited partners and the manager, and touches on the fee structure he employed during his partnership. Munger also discusses why he wishes this fee structure was more common in the investment world. Don't miss out on this insightful discussion from one of the greatest investors of all time!

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This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2017.
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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 on the secret fee structure that made him and Buffett MILLIONS! | DJ 2017【CCM Ep.269】

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