• Chapter 4 Talk 6: Investment Practices of Leading Charitable Foundations

  • Oct 7 2024
  • Length: 9 mins
  • Podcast

Chapter 4 Talk 6: Investment Practices of Leading Charitable Foundations

Listen for free

View show details

  • Summary

  • "Chapter 4 Talk 6: Investment Practices of Leading Charitable Foundations" argues that charitable foundations often make poor investment decisions due to excessive complexity and reliance on investment consultants. He criticizes the use of "fund of funds" structures, which he compares to the practices of Bernie Cornfeld, a disgraced mutual fund salesman. Munger suggests that foundations should consider adopting a more passive investment strategy, similar to that of Berkshire Hathaway, with a focus on long-term value creation and minimal investment turnover. He also emphasizes the importance of understanding the broader investment ecosystem and avoiding the pitfalls of overconfidence and excessive diversification.
    Show More Show Less
Art Literary History & Criticism
Show More Show Less

What listeners say about Chapter 4 Talk 6: Investment Practices of Leading Charitable Foundations

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.