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Charlie Munger, one half of the dynamic duo that transformed then-dying textile business, Berkshire Hathaway Inc, into one of the worldâs most profitable and lucrative holding companies said heâs not worried about macroeconomic trends and ignores them like the weather.
What Happened: Munger, from the library of his Los Angeles home, was part of a Zoom Video Communications Inc meeting with Charles Jennings of Stonehouse Corporation.
âIâm always aware of [inflation], but it doesnât stop me from operating," Munger said. "Iâm 98½ years of age, and Iâve seen a lot of inflation. I intend to live through inflation. Iâve lived through a lot of it already in my long life. It doesnât discourage.â
Ignoring macroeconomic trends has been a forbearance of Berkshireâs strategy since Buffett took control of the company in 1965.
"I donât pay much attention to macroeconomic trends. Like the weather, I just ignore the weather. I just try to invest whatever capital I have as best...