Legendary value investor Charlie Munger, Warren Buffett’s right-hand man, has always tried to simplify some of the essential steps for successful investing.
Munger has helped Buffett steer Berkshire Hathaway toward unparalleled profitability over decades, regularly slaying the S&P 500 by double digits. Investors who follow these basic tenets assiduously will find that it leads to successful investing.
Here are Munger’s five most useful investment rules.
