Warren Buffett says that one of the luckiest days of his life was when he was 19-years-old and happened to have picked up Benjamin Graham’s book, The Intelligent Investor.
That book changed his investment philosophy and his whole life.
He says that had it not been for the book, he would’ve been a different person at a different place.
Charlier Munger, the 93 year old billionaire vice chairman of Warren Buffett’s Berkshire Hathaway who once said Trump was not “morally qualified” to be President, seems to be warming up to the new administration. Well, at least he doesn’t think Trump is quite as bad as Hitler anyway, which is a start.
In speaking with a group of investors and students for nearly two hours yesterday at the Daily Journal’s annual meeting, on a wide range of topics, Munger said that he’s “gotten more mellow” when it comes to Trump and is now convinced that “he’s not wrong on everything.” Per Yahoo Finance:
“Well, I’ve gotten more mellow,” Munger said at the Daily Journal’s 2017 meeting on Wednesday, adding, “I always try to think about the good as long as it’s not good.”“He’s not wrong on everything. And just because he isn’t like us, roll with it. If there’s a little danger, what the hell, you’re not going to live forever anyway.”
“And when Donald Trump says he wouldn’t touch Social Security and Republicans have all kinds of schemes for revising Social Security — I’m with Donald Trump. If I were running the world … I wouldn’t touch [Social Security].”
If you are confused about the market, the video below has the answers.
