Discover Charlie Munger's reflections on the downfall of Eastman Kodak and its implications for investors. Gain valuable insights into the pitfalls of relying solely on innovation without adapting to market changes and the importance of prudent financial strategies.
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This special interview was recorded on November 14, 2023 with CNBC’s Becky Quick in Los Angeles, CA to commemorate Charlie's soon-to-come 100th birthday. Munger passed away on November 28 at the age of 99. And this interview was aired on November 30, 2023.
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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 Investing Lessons from Kodak's Bankruptcy | Final Interview with CNBC'23 【CCM 324】
