The Berkshire Hathaway vice chairman has always preached the value of being prepared to pounce when there are bargains to be had.
Has that time come? If the coronavirus lockdown has frozen your investing plans, you’re in good company. Charlie Munger is watching and waiting, too.
Mr. Munger, vice chairman of Berkshire Hathaway Inc. and Warren Buffett’s longtime business partner, likes to say that one of the keys to great investing results is “sitting on your ass." That means doing nothing the vast majority of the time, but buying with “aggression" when bargains abound.
I spoke this week by phone with Mr. Munger, who turned 96 years old on Jan. 1. He sounded as sharp and vigorous as ever, and as usual he drew bright lines between what he’s