What Charlie Munger is saying
Late vice chairman, Berkshire Hathaway
5 dated public stances tracked since 2020-11-19, most recently 2025-06-25. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Charlie Munger's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Charlie Munger is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
2025-06-25
PG
bullish
Charlie Munger · video
Gillette's dominant shaving R&D spend, distribution system, and consumer credibility create compounding competitive advantages that are nearly impossible to replicate, making long-term earnings trajectory highly predictable
“those are assets that can't be built and they're very hard to destroy”
Charlie Munger Explains Why You Only Need Three Stocks To Get Rich
2025-06-25
MSFT
neutral
Charlie Munger · video
Microsoft is a sensational business run by the best management, but the technology landscape is too unpredictable over 10–20 years to meet Munger's standard of business-outcome visibility, so he avoids it despite admiring it
“we think Microsoft is a sensational company but we don't have any idea what that world is going to look like”
Charlie Munger Explains Why You Only Need Three Stocks To Get Rich
2025-06-25
KO
bullish
Charlie Munger · video
Coca-Cola's entrenched distribution, brand recognition, and resistance to competitive disruption make it a predictable compounder whose international operations (80%+ of profits) provide emerging-market exposure without requiring technological forecasting
“three wonderful businesses is more than you need in this life to do very well”
90d -3.5% · 180d +2.3% · 1y +18.8%
Charlie Munger Explains Why You Only Need Three Stocks To Get Rich
2025-06-25
CONCENTRATED PORTFOLIO OF 3 HIGH-QUALITY BUSINESSES
bullish
Charlie Munger · video
Owning three competitively entrenched, change-resistant businesses is safer and more profitable than a diversified portfolio of 50 because the quality of the moat reduces variance, not diversification
“three of those will be better than a hundred average businesses and they'll be safer”
Charlie Munger Explains Why You Only Need Three Stocks To Get Rich
2020-11-19
COMMON STOCKS
bullish
Warren Buffett · video
Even under the 'new normal' of lower prospective returns, common stocks remain the right vehicle to hold — attempting to time a sale and re-entry is not worth the risk
“that doesn't mean that the mongers are going to sell their common stocks”
Warren Buffett: Coca-Cola Is Bulletproof | May 5, 2014
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