Basically, It's Over

Who is Charles Munger? Munger is a native of Omaha, Nebraska who studied mathematics at the University of Michigan. After graduating from Harvard Law in 1948, he founded and worked as a real estate attorney until 1965... According to Buffett's famous essay, "The Superinvestors of Graham and Doddsville", Munger's investment partnership generated compound annual returns of 19.8% during the 1962-75 period compared to a 5.0% annual appreciation rate for the Dow.