They did't do anything with the cash except piling it up and multiplying. By all means they could do that - don't get me wrong again, but that doesn't make them heroes, does it?
Their videos are by far _not only_ sane advice out there. They are good, but any decent book on the subject value much more.
He is a defacto investment hero. Berkshire Hathaway is reality in sea of insanity. They defined the strategy of finding companies with a good structure, good fundamentals, and a good product and capitalising them.
If you are looking for positive externalities to qualify "hero", he probably played a part in creating a large number of the companies you have ever heard of, employing millions and large part of the success of US markets today.
You’re overplaying your hand a bit here with the cult comparison. It’s becoming pretty obvious that you’re interested in making a case as to why Munger doesn’t deserve to be called someone’s hero, not that you’re here to learn. People have answered your repeated question pretty earnestly but you continue asking it again.
The GP is not trying to convince you that Munger ought to be your hero. Among investers, I can see why he'd be among the most admirable. That's all you need to understand to understand why someone that is not you might consider him a personal "hero".
I mean, half of Australia views Don Bradman as a hero and all he really did was play cricket very well.
Same with certain actors (Alan Rickman springs to mind), chess legends like Gary Kasparov, albeit on a smaller scale.
I think I understand what you're getting at - Charlie Munger didn't change the world the way, say, Jonas Salk did - but that doesn't mean that people aren't going to idolize him. He was at the top of his game, and incredibly bright and witty.
It’s understandable some people will idolise him - pretty much like they can do same for anyone else, no matter how big or small, benevolent or malevolent his/her impact is.
Was just wondering if there is objectively something justifying the definition or it’s deeply subjective.
His actions and the value he created helped to (or actively did) build countless companies, and millions of jobs. Services and products we are using every day. People that earned a living, kids and families enjoying a prosperous life - are all result of his actions.
Moreover, he taught and inspired many others do the same.
That's a hero in my book. Not some sports player, actor or worse - some politician - people are usually worshipping.
> They did't do anything with the cash except piling it up and multiplying. By all means they could do that - don't get me wrong again, but that doesn't make them heroes, does it?
They gave a lot of the cash to effective charities, thereby saving tens of thousands of lives. (I'd need to look up the exact number.)
They did't do anything with the cash except piling it up and multiplying. By all means they could do that - don't get me wrong again, but that doesn't make them heroes, does it?
Their videos are by far _not only_ sane advice out there. They are good, but any decent book on the subject value much more.