At the 2011 Berkshire Hathaway shareholders meeting, Warren Buffett and Charlie Munger offered valuable insights on parenting wealthy children. They stressed the importance of raising children with a sense of humility, avoiding entitlement, and encouraging them to find their own motivations, rather than competing with their parents’ wealth.
Legendary investor Charlie Munger’s aversion to investing in companies he doesn’t understand, exemplified by his decision to avoid Facebook, offers valuable lessons for investors of all levels. His focus on understanding the underlying business and the importance of patience and discipline resonates even today, highlighting the enduring wisdom of his approach to investing.
During Berkshire Hathaway’s annual shareholder meeting, Warren Buffett mistakenly addressed Greg Abel as Charlie Munger, his longtime friend and business partner who passed away in November 2023. The meeting was the first without Munger, Berkshire’s vice chairman and Buffett’s close investing partner. Despite the error, the meeting drew thousands of Buffett devotees.
