Samir Patel

[Chris Abraham 🐝 @chrsabraham]

I just built the largest collection of helpful prompts (500+) to turn Muse into the best chief of staff, best marketer, best PM you've ever had.

@Muse can be so much more than a glorified admin assistant. There are hundreds of ways to use it at your job.

Completely free, check it out: https://t.co/3UwvTg0UlP

[Yannis Stamatopoulos @Arkalos77]

At the peak of the position (end of Q3 2020 / September 30, 2020), Micron Technology $MU represented 41.09% of Himalaya Capital Management’s total 13F portfolio.

In Q2 2023, Li Lu fully exited the position at an average price of ~$64.22.

Today $mu trades at $950. Li lu’s position would be worth $ 10,902,696,850.

The great Li lu left approximately $10.19 billion on the table just on Micron, a tip from Pabrai who also made the same costly mistake.

Selling your winners early is the biggest mistake in investing. Geniuses are not immune.

[BuccoCapital Bloke @buccocapital]

Preach

[Mohnish Pabrai @MohnishPabrai]

You are most welcome. It was recommended to me by Charlie. He said the prose wasn’t Shakespeare, but still very much worth reading!

[Samir Patel @sambhami]

@MohnishPabrai Thank you for the book. Your wisdom is making me a better and wiser investor!

[Samir Patel @sambhami]

@FIREDUpWealth 🔥 Big shoutout to Eric and the incredible community at @FiredUpWealth! 🚀 His well-thought investing insights and tempered approach make it a must-follow. Join the journey to financial wisdom! 📈💡 #FiredUpWealth #InvestingWisdom”

[The Investing for Beginners Podcast @IFB_podcast]

My favorite Talk at Google.

Aswath Damodaran, sharing his insights, is always worth our time.

[Samir Patel @sambhami]

@FIREDUpWealth https://t.co/bQttuBdjik

[Samir Patel @sambhami]

Absolutely! 🙌 Excited to join the cause in defending Connecticut's small package stores! Let's ensure our neighborhoods thrive by resisting the influence of big box stores on alcohol sales. Ready to stand strong and protect local businesses. Count me in for the fight! #SupportSmallBusiness #ConnecticutStrong

[Josh Wolfe @wolfejosh]

I am extremely bullish on India 🇮🇳 century...

And just as shocking to me seeing Jews facing record levels of antisemetism many Hindus are facing rising intolerance and anti-Hinduism + Hinduphobia

I stand with all 🇮🇳 brothers + sisters against this!

[Rohan Das @rohaninvestor]

Bruce Greenwald and Li Lu masterclass on value investing – 100 minutes of pure wisdom.

[True market Leader @TmarketL]

This is the brutal honest reality about trading

[Alvin Foo @alvinfoo]

Mohammed Qahtani, the winner of the Toastmasters World Championship of Public Speaking, brilliant speech! 👍

[MastersInvest.com @mastersinvest]

Maybe the greatest stock pitch/case study of all time..

Munger on Coca-Cola

No mention of beta, risk-free rates, the Fed, interest rates, discount rates, DCF or price targets?????

https://t.co/xnCUAAcCvu

[Tren Griffin @trengriffin]

The best no paywall unfiltered Charlie Munger reading material from the past week:

Munger's Three Basic Rules Essay: https://t.co/KUO1a4HmWQ

Becky Quick interview transcript: https://t.co/XURURM9haX

Stripe will release a 3-hour chat between John Collison and Charlie Tuesday.

[Charlie Munger Fans @CharlieMunger00]

MUST READ 🙏

Remembering my teacher Charlie Munger - By Li Lu

Thursday, November 30, 2023

I was on a business trip in Asia on Tuesday when I got the call from the Munger family informing me that Charlie was in his final hours. I hopped onto the next flight I could find to California, and before departure, was able to talk to Charlie through the help of his daughter. Charlie had largely lost consciousness, but still I could clearly hear him trying to make a sound to acknowledge he had heard me. Upon landing, I learned that Charlie had left us a few hours earlier.

I arrived at his Santa Barbara home and had the opportunity to spend cherished time with family members, reminiscing about all things Charlie. Charlie was engaging, humorous and full of wit even at Thanksgiving dinner just a few days ago, family members told me. I visited his home library again. In that very room, exactly 20 years ago, also on a post-Thanksgiving weekend afternoon, following the introduction by our mutual friend Ron Olson, Charlie and I first struck up a deep conversation which ran for several hours. It began an investment partnership that has now endured two decades. Charlie became my mentor, partner, dear friend and above all, life-long role model.

I was so deeply grateful that the Munger family made a special arrangement the next day for me to say a proper and private goodbye to Charlie.

There, lying quietly with eyes closed, Charlie looked the same as ever, peaceful and sincere with a subtle smile on his face. There was a serenity about him. For a moment, I was reminded of the Living Buddhas I once saw in the Buddhist temples of Thailand. In the Buddhist tradition, the bodies of truly enlightened monks, through life-long self-cultivation, can remain incorrupt, without any traces of mummification after death. In that moment, it is what I saw in Charlie, an enlightened sage with an incorruptible body, surrounded by a glimmer of eternal light.

Charlie was not a Buddhist. That vision can never be tested. But it is incontrovertible that his legacy and impact will live on for generations to come.

In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions through his long exemplary life. He insisted on making money in the most morally sound way, entering transactions only when, if positions were reversed, he would comfortably take the other side. He sought worldly wisdom through life-long learning. He guided life with rationality devoid of mental deficiencies such as envy, resentment and self-pity. He faced and persevered through countless adversities with stoicism and equanimity. As he gained in wealth and stature, he showed little appetite for the trappings of that success, and instead spent his wealth on worthy causes and tirelessly spread his worldly wisdom to those who would listen, often with humor. He remained deeply engaged with family, friends, partners and the broader world with loving assiduousness through his last days.

In his later decades, Charlie Munger’s ideas began to spread across the world, particularly in the most populous countries of China and India. In China, the Mandarin language version of “Poor Charlie’s Almanack,” an anthology by and about Charlie Munger, sold over 1.2 million copies over the last 10 years. There, the educated class increasingly came to view Charlie as the embodiment of the modern-day Confucianism, maintaining a virtuous and enlightened life while embracing the market forces of capitalism. In time, that vision of modern Confucianism will be crucial for Chinese modernization and how China interacts with the rest of the world.

Charlie’s teachings will continue to spread, inspire and impact the world even more profoundly. That will be his eternal legacy.

Please retweet

[Samir Patel @sambhami]

@airindia could you please provide information on the delay for Flight AI 102 from JFK to Delhi? Appreciate your assistance! #FlightDelay #AirIndia"

[Mohnish Pabrai @MohnishPabrai]

I lost a dear friend, mentor and teacher yesterday. As a kid from Mumbai I never expected to have a friendship or with Charlie Munger! The students at Munger Hall paid tribute to Charlie yesterday. He made all of us better humans. Some great Mungerisms:
https://t.co/iVNKRmNBzL

[My Value Picks @myvaluepicks]

Rest in Peace Charlie 💔💐
You’re the Best Teacher! 🫶 https://t.co/eSVFbt1Phk