Charlie Munger Reveals Shocking Mistake: The Rise and Fall of IBM | Daily Journal 2023 【C:C.M 291】
In this eye-opening interview, Becky Quick engages in a candid conversation with renowned investor Charlie Munger. They delve into the intriguing story of IBM, once the most admired company in America, and how it experienced a dramatic rise and subsequent fall. Munger reflects on the inevitable nature of mistakes, the challenges faced by successful incumbents when disruptive technologies emerge, and the valuable lessons we can learn from these experiences. Don't miss this insightful discussion that offers valuable insights for both business leaders and investors alike.
Charlie Munger's Recommended Book List:
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► Video Transcript & YAPSS Takeaway:
https://www.yapss.com/post/charlie-mu...
This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2023.
► Full Video: https://www.youtube.com/live/9VVPO3KW...
☆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 Reveals Shocking Mistake: The Rise and Fall of IBM | Daily Journal 2023 【C:C.M 291】
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