Warren Buffett is frequently associated with Charlie Munger. In 1978, a six-decade friendship became a commercial partnership. Munger is the majority owner of Daily Journal Corporation, a media and technology company with a strong stock portfolio. Only five equities make up Charlie Munger’s Daily Journal Corporation portfolio. It has a market capitalization of over $225 million and is primarily made up of finance companies. Berkshire Hathaway Inc. and American Express Company are two of the most important stocks to evaluate based on Charlie Munger’s stock portfolio over the years.
Here is Insider Monkey’s list of the 10 biggest positions in the Charlie Munger stock portfolio. POSCO is a Korean steel manufacturer and distributor. The Daily Journal Corporation owned $748,000 worth of stock in the corporation. POSCO has offered to buy Senex Energy, an Australian oil company, and negotiations are underway. Daily Journal Corporation held 140,000 shares of US Bancorp worth about $8 million, accounting for 3.74 percent of the portfolio. Insider Monkey’s database revealed that 41 hedge funds had positions worth $8.30 billion in the United States. After the second quarter of 2021, Bancorp will be a public company. At the height of the financial crisis, Munger put money into the bank. For the investor, the risk has paid off nicely. Bank of America Corporation’s objective was been boosted by Wells Fargo to $60 from $55. Daily Journal Corporation’s other major position is Wells Fargo & Company. Some of the best stocks to buy right now are Berkshire Hathaway Inc., Costco Wholesale Corporation, and American Express Company. Daily Journal Corporation owned 165,000 Alibaba shares valued at $37.4 million, accounting for 17.59 percent of the portfolio. Some of the best stocks to buy right now are Berkshire Hathaway Inc., Costco Wholesale Corporation, and American Express Company. For more details, click 10 Biggest Positions In The Charlie Munger Stock Portfolio.
