Charlie Munger Once Mocked Jim Cramer For 'Pretending' To 'Know Everything' Then Explained Why Doing Less Made Him Billions

Speaking at the Daily Journal Annual Meeting in 2019, Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc and Warren Buffett's longtime partner, stated in clear terms why their investment track record outperformed the rest. During his remarks, in his trademark humorous manner, he took a jibe at CNBC's Jim Cramer. What Happened: Munger credited Berkshire Hathaway's success to doing less, not more. "We never had the illusion we could just hire a bunch of bright young people and they w