This article originally appeared on Business Insider.
The late Charlie Munger grew Daily Journal’s stock portfolio from nothing to $300 million within 15 years. The newspaper publisher just filed its final portfolio update from the legendary investor’s time in charge, and it underlines Munger’s exceptional patience, discipline, and conviction.
Munger, best known as Warren Buffett’s right-hand man and Berkshire Hathaway’s vice chairman, died aged 99 on November 28. He chaired Daily Journal’s board for about 45 years from 1977 to 2022. When markets crashed during the 2008 financial crisis, he made the call to plow some of the company’s money into stocks and started managing its investments.
Daily Journal’s first
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