In this episode, Charlie Munger was asked why is it that Berkshire’s organizational principles as a holding company have not been copied more by others given its incredible success and track record? Any he talks about why bureaucracy breed failure?

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This is Daily Journal Annual Meeting with Charlie Munger on February 14, 2019.
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☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

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