Damn Right Charlie Munger Biography by Janet Lowe

A Perfect Example of Acquiring Cash Generating Assets from Charlie Munger

I’m re-reading “Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger” by Janet Lowe and came across a passage that illustrates exactly the sort of thing I’m talking about when I harp on acquiring assets that constantly churn out piles of cash for you spend, redeploy into new investments, give to charity, or…

Graham Newman Corporation Stockholders

The Compensation System for Benjamin Graham at the Graham-Newman Corporation

The Graham-Newman Corporation was a stock company that essentially served as a hedge fund through which legendary investor Benjamin Graham managed money for his shareholders.  It is the same firm where Warren Buffett worked in his twenties before moving back to Omaha and establishing the original seven partnerships upon which his fortune is based. According…