Last week in a nutshell
👴Charlie Munger, investing genius & Buffett’s right-hand man, dies at age 99.
📉Byju's valuation fell by ~633% in one year.
🇮🇳 India's stock market surpasses GDP, signalling strong investor faith in the economy.
📈Pakistan’s stock market rose by 46% (past 5 months) due to the IMF deal & agreements with Saudi and UAE.
The big story: Charlie Munger passes away at 99
In the realm of investing and wisdom, Charlie Munger stood as a towering figure, a beacon of intellectual brilliance and practical insights. His passing leaves a void in the world of finance, a void that will be difficult to fill.
His net worth is estimated at $2.4-2.9 bn, built with an illustrious career spanning over 70 years with investments that doubled in value every ~3.5 years. His stake in Berkshire Hathaway surpassed $1.5 billion at the time of his death.
More than just an investor
He was a philosopher, a teacher, and a sage. His wisdom extended beyond the realm of finance. He was a keen observer of human nature. In 1995, he delivered a famous speech titled "The Psychology of Human Misjudgment" discussing the standard biases that can lead to human misjudgment.
Our expert opinion
While Charlie Munger’s loss will be greatly felt, timeless as they are in nature, his teachings will continue to stay with us forever. Charlie’s beautiful way of dealing with complex issues with simplicity and absolute clarity of thought has been passed down by him to several talented people who have chosen to continue walking upon his path. We will certainly miss you Charlie!
