Charlie Munger DJCO 2017 After Session Notes

These are my notes from video of an informal session with Charlie answering questions after the main Daily Journal meeting in February 2017. This is different than the main meeting which was widely reported on. The full video of the session is available here: https://www.youtube.com/watch?v=RpzrHPYWojY On people sending him checks to work for him: https://youtu.be/RpzrHPYWojY?t=3m0s "I sometimes …

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Dividends, Reinvestment, Options, and Total Returns (FIG)

I bought Fortress Investment Group (FIG) late in 2014 at $7.40 a share. Softbank announced in February it is buying FIG for $8.08 per share. That's only a 3.9% compound annual growth rate (CAGR) over that time period. But wait. FIG paid out $1.16 worth of dividends during that time. This increases the total CAGR …

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