Common Sense Investing With Stock Screeners: The Intelligent Investor's Guide to Using Free Online Stock Screeners to Find Winning Stocks by Pattersenn Jr. James

Author:Pattersenn Jr., James [Pattersenn Jr., James]
Language: eng
Format: epub
Publisher: Trilogy Publishing Group
Published: 2020-08-04T16:00:00+00:00

MOTLEY FOOL’S PERFECT STOCK SCREEN

Country: USA

Current Ratio: Over 1.5

Forward P/E: Under 20

Sales Growth (Past 5 Years): Over 15%

EPS Growth Rate (Past 5 Years): Over 15%

Return on Equity (Past 5 Years): Over +15%

Debt/Equity Ratio: Under 0.50

Gross Margins: Over 30%

Net Profit Margin: Over 15%

EPS Growth (This Year): Over 10%

CHARLIE MUNGER

H e is known as Warren Buffett’s “Right Hand Man” … and his name is Charlie Munger. Munger was born January 1, 1924, in Omaha, Nebraska. He is a philanthropist, Warren Buffett’s long-time friend and business partner, and Vice-Chairman of Berkshire Hathaway. Like Buffett, he is quick-witted. Currently, he is ninety-six years old, yet his mind is unfailingly sharp. Like Buffett, he is adored, admired and loved by many, as well as being one of the world’s greatest and most successful investors. Also like Buffett, he is a man of the highest integrity, both in business and life.

Munger grew up in Omaha. He worked at Buffett & Son – a grocery store owned by Warren Buffett's grandfather, but it would be several years after he worked there before he would meet Warren Buffett. Once they did meet, they were quick to establish a friendship that has lasted now for six decades. That is an amazing feat in itself.

Munger attended the University of Michigan from 1941 to 1943. He left to join the Army Air Corps during World War II. He later married Nancy Huggins, the daughter of Frederick and Edith Huggins who owned and managed Huggins Shoe Store. After marrying, the couple moved to Boston so that Munger could attend Harvard Law School, where he graduated Magna Cum Laude, although he had not obtained an undergraduate degree. After graduating from Harvard, he moved his family to California and went to work for the law firm of Wright & Garrett.

In 1959, Munger’s father passed away. This led him back to Omaha to help his family, and it was upon that return home that he met Warren Buffett. In 1962, Munger started Munger, Tolles, & Olson, LLP, but eventually gave up the practice of law to focus his time and energy on managing investments. In 1962, Munger partnered with Jack Wheeler to form the investment firm Wheeler, Munger, & Company. The investment firm returned an average of 24.3% annually from 1962 to 1975. This amazing performance includes heavy losses sustained by the firm in 1973 and 1974. Wheeler, Munger, & Company was closed in 1976. In the 1970s, Munger and Buffett established an informal partnership. They invested together throughout the 1970s, and they have been an amazing tag team ever since.

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