Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger · chapter 5 · id poor-charlies-almanack-c5-11-mungers-partnership-wheeler-mu

“Munger's partnership (Wheeler, Munger & Company) earned ~19.8% annually from 1962-1975 versus 5.2% for the Dow, but suffered drawdowns of 31.9% in 1973 and 31.5% in 1974.”

holdsconfidence: high✓ ZHP-verified + red-teamed

Receipts

Lowe, 'Damn Right!' (2000)source alive
Wheeler, Munger earned 19.8% gross (13.7% net) from 1962-1975 vs 5.2% for the DJIA, but suffered 31.9% in 1973 and 31.5% in 1974.
Poor Charlie's Almanack, Appendixsource alive
Partnership returns table showing annual results from 1962-1975.

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