The 50-year-old partnership between Warren Buffett and Charlie Munger is well known to the world. During initial years of their friendship they would spend hours every day on the phone discussing investing and business.
So when Munger told Mohnish Pabrai that he always had someone to talk to about investments, Mohnish guessed, “You mean Warren Buffett?”
“Well, it wasn’t always Warren. But I’ve always had someone to talk to.” Charlie replied. In a recent DJCO meeting, Munger mentioned that even Einstein needed someone to talk to.
Let’s unpack Charlie’s insight.
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