Warren Buffet’s tribute to Charlie Munger in his annual shareholder letter

Warren Buffet’s tribute to Charlie Munger in his annual shareholder letter- Grapevine

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https://www.moneycontrol.com/news/business/markets/ebitda-is-bullshit-charlie-munger-on-finance-health-life-success-and-more-11463941.html

Charlie Munger : “Every time you hear EBITDA, just substitute it with bullshit”

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A trained attorney with expertise in real estate, Munger was also a name partner at a Los Angeles-based law firm Munger, Tolles & Olson, before joining hands with Buffett and Berkshire Hathaway in 1978.

Berkshire Hathaway vice-chairman Charlie Munger dies aged 99

Legendary investor Charlie Munger has passed away at 99

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- Berkshire Hathaway's five Japanese trading firm investments surge, one up 30% in 2024
- Berkshire increased stakes in Japan's 'sogo-shosha' to around 9% in 2023
- Japanese firms praised for 'shareholder-friendly policies' by Berkshire
- Berkshire hits $1 trillion market cap, first non-tech U.S. company to do so
- BYD investment remains lucrative despite Berkshire reducing stake to 4.94% 

 Source: [CNBC](https://www.cnbc.com/2024/08/29/these-asian-firms-in-buffetts-berkshire-hathaway-portfolio-have-surged.html)

Buffett's Asian Investments Soar: Berkshire's Portfolio Sees Significant Gains

Journalist

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https://x.com/FT/status/1828816602755637457?t=mqtYYfasyjFN8JIHkyzLUw&s=19

Warren Buffett's Berkshire Hathaway has become the eighth US company — and first group outside the technology sector — to reach a valuation of $1tn.

Warren Buffett's Berkshire Hathaway reached $1tn

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I will be a full time working professional in June this year. Till now I've no idea about personal finance or investing. I want to learn about all these before I get my first salary so that I can make the best use of my money. I was thinking of starting with Rachna Ranade's course on personal finance. So is it really worth it? And if there are any other courses or books which might be helpful please suggest.

Any decent course on Personal Finance

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Something as a founder I have decided over the years.
Everywhere around you, you hear stories of founders who worked 16-18 hours a day, made their team work as hard, were assholes, shouted at people, made people cry.

You start to think, that's an absolute must to succeed. 
I don't think it is. For every 2-3 founders that are toxic, there's the one good natured founder who succeeds. They're rare, but they do exist. 

1) I've been in many toxic jobs. I've hated them, and had some form of anxiety. To become successful, if I subject people through the same, what was all of this for? 
2) I'm not saying I'll keep it too chill at my startup. I actually expect people to work harder than typical corporates, but only if they have good ESOPs in the early days, a chance to actually learn and do well (and that should be pre-aligned) 
3) But what about the mission? Don't you want to make sure your mission becomes true, whatever you're chasing actually reaches 1000s/millions of people? Sure. But it solves for many vacations for me, and maybe better lives for my kids, and perhaps some problem gets solved. But what if it doesn't. It cannot come at the cost of miserable lives for my team. I'll never be proud of my work if that happens. 

We all have a decision. Why just be a successful founder? Why not have a higher aim... be a successful non toxic founder? You'd be truly 1 in a million then. 

That's how I'll always see it, I hope.

Note: Okay with failing, will not create Toxic Culture

Founder

Warren Buffet 's Berkshire Hathaway Invested Rs 2200 crore in Paytm in September 2018 and now exited for Rs 1370 crore.... 

Warren Buffet be like "oye chuna laga diya oye.Jpeg"

Warren Buffet’s tribute to Charlie Munger in his annual shareholder letter

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++and to keep our founder in the billionaires list.