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And this is the post of someone who doesn't know anything about Charlie Munger. If you think he has "been surrounded by yes-men for so long", I have some news f

And this is the post of someone who doesn't know anything about Charlie Munger. If you think he has "been surrounded by yes-men for so long", I have some news for you. He doesn't manage anyone.

PragmaticPulp 5y ago
> And this is the post of someone who doesn't know anything about Charlie Munger. “It’s okay actually because he always talks like this” is one of the weirdest arguments in this thread. Why can’t we call out bad behavior just because it comes from a specific person?Bad behavior is bad behavior. Being consistent about being bad doesn’t make it good. I don’t understand why anything thinks this is okay just because it comes from a specific personality. > If you think he has "been surrounded by yes-men for so long", I have some news for you. He doesn't manage anyone. He’s dangling $1.2 billion dollars in front of people to get them to do his bidding with this construction. I really don’t understand how you think that’s less of an incentive than giving someone a paycheck a fraction of that magnitude.
- pinewurst 5y ago
  He’s only dangling $200M not $1.2B. The remainder is UCSB funded.
  - everybodyknows 5y ago
    From the article: "Munger said he hadn’t decided how much of the building’s $1.2 billion cost he will cover, ..." His way of saying "You'd better be nice to me"?
    - dantheman 5y ago
      Or lets see what the final plan is before I commit to anything...
    - pinewurst 5y ago
      https://philanthropynewsdigest.org/news/charles-munger-pledges-200-million-to-uc-santa-barbara-for-new-dorms https://philanthropynewsdigest.org/news/charles-munger-pledg... https://www.pacbiztimes.com/2021/11/02/ucsb-says-its-sticking-with-mungers-mega-dorm/ https://www.pacbiztimes.com/2021/11/02/ucsb-says-its-stickin... This and more recent articles mention the 200M out of 1.2B.
- Judbudhud 5y ago
  The people he talks to are CEOs of architecture and engineering firms and university chancellors. If you think those are yes-men, I have more news for you. He's an investor. He doesn't have employees. He may have a few assistants but that's typical of any high-level (or even mid) professional. The yes-men bit about Munger is the last thing I would associate with Munger.
  - klyrs 5y ago
    Weird take. The distinction you make between investor and manager completely ignores the context: he invests in yes-men, and doesn't invest in people who he deems idiots because they disagree with him. The common feature of 'manager' and 'investor' is that they have power.
    - Seanambers 5y ago
      He invests in yes men? I must admit I probably don't know much about Charlie and Warren but if anything they seem to be bullshit detectors. If he did invest in yes men, he would be broke, because they say yes all the time.
    - Judbudhud 5y ago
      Please name the yes-men. From which companies? Berkshire has a list of companies in its annual reports so I'm assuming you obviously can name the yes-men from your extensive research on Charlie Munger. This would be breaking news in the investment world and something that Warren Buffett doesn't know about.
      - klyrs 5y ago
        I got one for ya. The chump building a prison-like dorm for $1.2B dollars with significant strings attached and only $200M in sugar.
- bluecalm 5y ago
  What bad behavior? He says what he thinks instead of bs'ing around and has huge track record of good decisions including his very high rated campus buildings. We need more of that.

And this is the post of someone who doesn't know anything about Charlie Munger. If you think he has "been surrounded by yes-men for so long", I have some news for you. He doesn't manage anyone.

PragmaticPulp 5y ago

> And this is the post of someone who doesn't know anything about Charlie Munger. “It’s okay actually because he always talks like this” is one of the weirdest arguments in this thread. Why can’t we call out bad behavior just because it comes from a specific person?Bad behavior is bad behavior. Being consistent about being bad doesn’t make it good. I don’t understand why anything thinks this is okay just because it comes from a specific personality. > If you think he has "been surrounded by yes-men for so long", I have some news for you. He doesn't manage anyone. He’s dangling $1.2 billion dollars in front of people to get them to do his bidding with this construction. I really don’t understand how you think that’s less of an incentive than giving someone a paycheck a fraction of that magnitude.

pinewurst 5y ago
He’s only dangling $200M not $1.2B. The remainder is UCSB funded.
- everybodyknows 5y ago
  From the article: "Munger said he hadn’t decided how much of the building’s $1.2 billion cost he will cover, ..." His way of saying "You'd better be nice to me"?
  - dantheman 5y ago
    Or lets see what the final plan is before I commit to anything...
  - pinewurst 5y ago
    https://philanthropynewsdigest.org/news/charles-munger-pledges-200-million-to-uc-santa-barbara-for-new-dorms https://philanthropynewsdigest.org/news/charles-munger-pledg... https://www.pacbiztimes.com/2021/11/02/ucsb-says-its-sticking-with-mungers-mega-dorm/ https://www.pacbiztimes.com/2021/11/02/ucsb-says-its-stickin... This and more recent articles mention the 200M out of 1.2B.
Judbudhud 5y ago
The people he talks to are CEOs of architecture and engineering firms and university chancellors. If you think those are yes-men, I have more news for you. He's an investor. He doesn't have employees. He may have a few assistants but that's typical of any high-level (or even mid) professional. The yes-men bit about Munger is the last thing I would associate with Munger.
- klyrs 5y ago
  Weird take. The distinction you make between investor and manager completely ignores the context: he invests in yes-men, and doesn't invest in people who he deems idiots because they disagree with him. The common feature of 'manager' and 'investor' is that they have power.
  - Seanambers 5y ago
    He invests in yes men? I must admit I probably don't know much about Charlie and Warren but if anything they seem to be bullshit detectors. If he did invest in yes men, he would be broke, because they say yes all the time.
  - Judbudhud 5y ago
    Please name the yes-men. From which companies? Berkshire has a list of companies in its annual reports so I'm assuming you obviously can name the yes-men from your extensive research on Charlie Munger. This would be breaking news in the investment world and something that Warren Buffett doesn't know about.
    - klyrs 5y ago
      I got one for ya. The chump building a prison-like dorm for $1.2B dollars with significant strings attached and only $200M in sugar.
bluecalm 5y ago
What bad behavior? He says what he thinks instead of bs'ing around and has huge track record of good decisions including his very high rated campus buildings. We need more of that.