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Billionaire Charlie Munger Said 'Damn Right' I Am Rich Owning 3 Stocks—Because 'Hell, One Will Suffice' If You're Not A 'Know-Nothing Investor'
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Why This Matters
Berkshire Hathaway's Charlie Munger emphasizes the simplicity of wealth creation by focusing on a few high-quality stocks, citing his own portfolio consisting of Berkshire, Costco, and Li Lu's Fund.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Charlie Munger didn't need 50 stocks, a team of analysts, or a color-coded pie chart to feel rich. He needed three picks—and maybe not even that many. At the 2017 Daily Journal annual meeting, Munger laid it out with signature bluntness: "The Mungers have three stocks. We have a block of Berkshire, we have a block of Costco, we have a block of Li Lu's Fund, and the rest is dribs and drabs." Then he posed the question himself: "So am I comfortable? Am I securely rich? You're damn right I am." Whi
Original article published by
Yahoo Finance
on January 27, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.