CHARLIE MUNGER

Warren Buffett says the "secret sauce" of his investing success is picking businesses, not stocks, in his latest shareholder letter.

Berkshire Hathaway vice chairman Charlie Munger says cryptocurrency is "worthless," and he's ashamed the U.S. allows it. He could soon partially get his way.

Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever.

"A cryptocurrency is not a currency, not a commodity, and not a security," the 99-year-eld Munger said in an op-ed published in the WSJ Wednesday evening.

Despite the world's many challenges, Bill Gates says technological and scientific advances will keep improving future generations' quality of life. Here's why.

Charlie Munger, a shareholder and board member for the Daily Journal, will speak at the organization's annual meeting on Wednesday.

The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations.

The 98-year-old billionaire says he's 'conquered envy.' In the past, he's said that's a secret to a long and happy life.

"We haven't had a successful new auto company in a long, long time. What Tesla has done in the car business is a minor miracle," Munger said.

"This is a very, very bad thing. The country did not need a currency that was good for kidnappers," Munger said in an interview with CNBC's Becky Quick Tuesday.

Warren Buffett's company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value.

The CEO’s ability to move quickly has been key to building his Berkshire Hathaway empire, but he probably won’t be able to pass that luxury on to his successor.

Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now "unraveling."

Tens of thousands of people are expected to pack an Omaha arena Saturday for Warren Buffett’s Berkshire Hathaway’s annual meeting.

Billionaire investor Charlie Munger says its more difficult for young people to get rich off investments — and maintain that wealth — than it used to be. Here's why.

Warren Buffett views trust and "integrity" as essential in the workplace. That's likely why he seems confident that Berkshire Hathaway's latest acquisition will succeed.

"I have millions of dollars, 20% of my portfolio is now in cryptocurrencies and blockchain," O'Leary said on "Squawk Box."

Tesla is currently the world's most valuable carmaker with a market capitalization of $954.3 billion.

Charlie Munger hasn't softened his stance on day trading, once again comparing the practice to "an ideal gambling parlor activity."

Berkshire Hathaway's annual shareholder meeting will be held in person on April 30 after two years of virtual gathering due to Covid-19 restrictions.

CNBC's Jim Cramer said Wednesday he can't recommend investors buy Chinese stocks because the communist government there is a "total wild card."

These are the stocks posting the largest moves before the bell.

Billionaire investor Charlie Munger still isn't a fan of cryptocurrency: "I wish they'd never been invented," he reportedly said.

Munger's design for a new dormitory is getting attention after an architect on the school's Design Review Committee quit.

Experts have warned that the ease of use of stock trading apps also makes it easier for users to lose large sums of money, fast.

Investor Warren Buffett said the economic impact of the pandemic remains hard to predict but most big companies have fared OK throughout it as long as they weren't tied to travel.

Investing legends Warren Buffett and Charlie Munger discuss their first meeting, in 1959, and the start of a lifelong friendship and business partnership.

"I have fallen in love with Zoom," Munger said. "I think Zoom is here to stay. It just adds so much convenience."

Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report.

For the millions of people who tuned into the Berkshire Hathaway annual meeting on Saturday, careful viewers were rewarded with an unexpected bit of news.

"Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session at Berkshire's annual shareholder meeting Saturday.

Billionaire Warren Buffett is warning people not to think investing is an easy way to make a fortune and gamble on the stock market.

Hours before Warren Buffett was set to take the stage at Berkshire Hathaway's annual meeting, the company on Saturday reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic. Berkshire Hathaway it earned $11.7 billion, or $7,638 per Class A share, during the first quarter as the paper value of its investment portfolio rebounded. A year earlier, Berkshire reported losing $49.7 billion, or $30,653 per share.

The 90-year-old Buffett is taking the "Woodstock for Capitalists" to Los Angeles, marking the first time the annual meeting will take place outside of Omaha.

There has been a broad retail investing surge since the pandemic began: More than 10 million people in America opened a new brokerage account in 2020. Twenty-two percent of technology savvy Gen Z respondents opened a stock market account in the past 12 months, the highest percentage among any age group surveyed. Hispanic males made up the largest percentage of new stock investors at 19%. Data from Charles Schwab released Thursday also shows progress made by Black Americans, with 63% under the age of 40 now participating in the stock market, equal to white counterparts, though there remains a significant overall racial gap in stock market wealth. Its 2020 Ariel-Schwab Black Investor Survey found three times as many Black investors as white investors (15% vs. 5%) report having invested in the market for the first time in 2020.

After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday. After short-selling funds got badly burned by last month's sudden surge, many fewer GameStop shares are being sold short now. A day after testifying in a Congressional hearing about GameStop last week, he indicated he added another 50,000 shares after Feb. 3, doubling his GameStop stock position. On Wednesday, an hour or so before GameStop shares spiked, Cohen tweeted a photo of an ice cream cone from McDonald’s, along with an emoji of a frog. Even so, GameStop shares changed hands more times by midday Thursday than for Apple, a company with a market value nearly 180 times the size of GameStop.

Robinhood fired back at Berkshire Hathaway Vice Chairman Charlie Munger, who earlier this week said the free trading app was having a "regrettable" impact on investors. "No one should believe Robinhood trades are free," Munger, 97, said. He added that the app has created "a culture which encourages as much gambling in stocks by people who have the mindset of racetrack bettors. A statement Thursday from Robinhood spokeswoman Jacqueline Ortiz-Ramsay took sharp exception to the remarks. To suggest that new investors have a 'mindset of racetrack bettors' is disappointing and elitist."

Carlyle Group co-founder David Rubenstein told CNBC on Thursday he believes the largest economic risk is high unemployment, not some areas of the stock market where valuations have become overheated. "I think on the whole, the stock market is not our biggest problem," the private equity titan said in an interview on "Squawk Box." Rubenstein's comments Thursday came one day after Berkshire Hathaway Vice Chairman Charlie Munger expressed serious concerns about activity he was seeing in the stock market, warning of a potential bubble. The unemployment rate has declined considerably since its pandemic peak of nearly 15% in April, the highest level since the Great Depression. In January, the economy added 49,000 jobs and the unemployment rate fell to 6.3%.

Investor Warren Buffetts right-hand man, Munger, says the U.S. stock market is overvalued, but he doesnt know when the bubble will burst. Munger said Wednesday, Feb. 24, 2021, that the recent frenzy over GameStops stock was driven by small investors gambling on the stock market. – Investor Warren Buffett's right-hand man says the U.S. stock market is overvalued, but he doesn't know when the bubble will burst. Munger said the recent frenzy over GameStop's stock was driven by small investors gambling on the stock market. If you have unrealistic expectations, you’re going to be miserable all your life,” Munger said.

Bitcoin continued to surge to more than $50,000 over the past week after Tesla announced it bought $1.5 billion worth of the cryptocurrency . I don't know which is worse." Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett 's longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. "I don't think I know what the future of banking is, and I don't think I know how the payment system will evolve," he said. "So I don't think bitcoin is going to end up the medium of exchange for the world.

The 97-year-old investor said retail traders are being enticed by brokerage apps touting free trading. "No one should believe Robinhood trades are free," Munger said. 'Dirty way of making money'The jaw-dropping GameStop mania became the poster child of the speculative bubble that Munger raised a red flag on. Munger even compared the current trading frenzy to the historic South Sea bubble of 1720. "You will remember when the first bubble came which was the South Sea bubble in England back in the 1700s.

The meeting will be held Saturday but, unlike previous years, there won't be a crowd of shareholders swarming leaders Chairman Warren Buffett and Vice Chairman Charlie Munger with questions. Instead, the meeting will be held virtually, the questions answered will have been previously submitted and Munger will not be there. In an interview with The Wall Street Journal, Munger said Berkshire is being conservative during this pandemic. But Womack thinks some of that cash can be reinvested in some of Berkshire's existing holdings, given how much they have fallen. To be sure, UBS analyst Brian Meredith thinks Berkshire's coronavirus risk is "manageable."

Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company's annual shareholder's meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire's vice chairman of non-insurance operations, taking previously submitted questions with Buffett. At last year's meeting, Abel answered some questions from shareholders in a rare occurrence. For decades, Buffett and Munger fielded questions from shareholders at the company's annual meeting without sharing the stage. Those questions ranged from their thoughts on political issues to Berkshire investments along with the future of the company's leadership.

And the phone is not ringing off the hook," said Munger, Berkshire Hathaway's vice chairman and Buffett's longtime business partner. Airline stocks have been among the hardest hit during the coronavirus outbreak. Usually, major declines give big investors such as Buffett and Berkshire an opportunity to buy into companies at a discount. "We're like the captain of a ship when the worst typhoon that's ever happened comes," Munger told the paper. The coronavirus outbreak has clouded the global economic outlook.

In Uber's earnings report last week, the acronym EBITDA showed up 42 times. The term showed up 33 times in Lyft's report this week, while Yelp included it 39 times in its earnings release after the close of trading on Thursday. Berkshire Hathaway Vice Chairman Charlie Munger describes it another way: "bulls--- earnings." To get to EBITDA, companies take bottom-line net income (or loss), based on generally accepted accounting principles (GAAP), and then add back in items they had counted as costs but that don't affect their cash position. Some internet companies, in particular, take the further step of reporting adjusted EBITDA, providing a glimpse of their earnings if they didn't have to account for stock-based compensation.

Charlie Munger, vice chairman at Berkshire Hathaway and Warren Buffett's longtime business partner, will address shareholders of the Los Angeles-based Daily Journal. Munger, who turned 96 last month, will also answers questions from Daily Journal shareholders. Investors of all stripes look forward to Munger's annual address at the publisher's headquarters for the investment wisdom he shares. Munger is considered, alongside Buffett, to be one of the best investors and business thinkers in history. Before joining Buffett at Berkshire, Munger's investment partnership had average annual returns of 20% between 1962 and 1975.

In the 2018 edition of "Poor Charlie's Almanack," a book of insight from Charlie Munger throughout his career, editor Peter Kaufman asked Munger what young people should look for in a career. "I've got some advice for the young," Munger added. Charles Munger, vice chairman of Berkshire Hathaway Inc., left, and Warren Buffett, chairman of Berkshire Hathaway Inc., attend a BYD Co. press event in China, on Monday, Sept. 27, 2010. : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger." Don't miss: Warren Buffett and Charlie Munger share their best advice for young people