Charlie Munger
Famous Quote:
“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
Age: 94 , Vice Chairman of Berkshire Hathaway
Assets Under Management (AUM): $702.1 billion
Image source: flickr
Here’s another highly successful investor that was mentored by the “Father of Modern Investing,” Benjamin Graham. His name is Charlie Munger, and he is currently Vice Chairman of Berkshire Hathaway – which is currently the 8th-largest private employer in the United States. The CEO of the organization, Warren Buffett, has often described Munger as his partner.
Apart from Berkshire Hathaway fame, Mr. Munger is held in high regard for his success as chairman of Wesco Financial Corporation – a diversified financial institution that he led from 1984 to 2011. He focuses his strategy on investing in a concentration of high-quality companies with products or services he personally believes in. Charlie is also lauded by the investing community for his philanthropic efforts – having donated hundreds of millions to universities around the country, both public and private institutions.
Next Slide – This Legendary Investor Consider As the
“Queen of Blue-Chip Dividends”
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Geraldine Weiss
Famous Quote:
“Never is there a better time to buy a stock than when a basicallysound company, for whatever reason, temporarily falls out of favor with the investment community.”
Age: 92 , Founder of Investment Quality Trends
Known for academic work
Image source: iqtrends
While it has, indeed, undergone a very positive-trending evolution in recent years, the investing world was traditionally very much a boy’s club – so it’s refreshing to add a woman investing legend to this list. Geraldine Weiss is known as the “Queen of Blue-Chip Dividends”, having invented a quite genius strategy for investing. While Warren Buffett’s focused on his four principles of investing as a checklist for picking stocks, Weiss only focused on one single metric – which would have generated more profit for Buffett had he followed her game plan.
Even more amazing: She used the name G. Weiss for about a decade before revealing she was a woman, due to the initial rejection her work faced.
She focused on simply dividend yield, buying stocks when they are within 10% of their highest dividend yield and unload them when they get within 10% of their lowest. While her beginnings in investing were heavily influenced by Benjamin Graham’s 10-point checklist, she departed with her own technique and really became successful when she embraced her own instincts. Weiss will always be a true investing legend, and a role model for women investors back in the day.
Next Slide – This Legendary Investor’s Company has
$1.75 TRILLION Under Management
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