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Charlie Munger’s magic is in what he doesn’t do

Charlie Munger, who will headline this year’s Sohn Hearts & Minds Conference, places one quality above all else: patience. 

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When Charlie Munger headlines the sixth annual Sohn Hearts & Minds Investment Leaders Conference on December 3, he’ll have no shortage of topics on which to train his legendarily acerbic wit.

An unprecedented M&A boom, sky-high equity valuations, special-purpose acquisition companies (SPACs), bitcoin, GameStop – Munger’s immortal line that “if you mix raisins with turds, they’re still turds” has never seemed more apt.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/charlie-munger-s-magic-is-in-what-he-doesn-t-do-20211012-p58zcq