Charlie Munger
The Abominable No-Man
1962 - 2023
Concentrate on a few great businesses with sustainable advantages and hold them. Invert, always invert - avoid stupidity rather than seeking brilliance. Quality matters more than price. A wonderful business at a fair price beats a fair business at a wonderful price.
Investment Approach
- 1Extreme concentration - few positions, high conviction
- 2Demands exceptional return on invested capital
- 3Values management integrity and capital allocation skill
- 4Willingness to pay fair price for extraordinary quality
- 5Uses mental models from multiple disciplines for decision-making
Selection Criteria
Criteria derived from Charlie Munger's published writings and investment principles.
Top 10 UK Equities - Charlie Munger Strategy
Ranked by Charlie Munger's quality-compounder criteria. Companies with durable competitive advantages and honest management.
| # | Ticker | Company | Sector | Mkt Cap | Score | Verdict |
|---|---|---|---|---|---|---|
| 1 | MONY | Mony Group PLC | Interactive Media & Services | $1.3bn | 100.0 | BUY candidate – wonderful business at a fair price |
| 2 | GSK | GSK plc | Pharmaceuticals | $97.4bn | 99.6 | BUY candidate – wonderful business at a fair price |
| 3 | MTO | Mitie Group PLC | Environmental & Facilities Services | $3.6bn | 99.3 | BUY candidate – wonderful business at a fair price |
| 4 | GAMA | Gamma Communications Plc | Alternative Carriers | $1.3bn | 98.9 | BUY candidate – wonderful business at a fair price |
| 5 | AUTOA | Autotrader Group PLC | Interactive Media & Services | $5.2bn | 98.6 | BUY candidate – wonderful business at a fair price |
| 6 | RMV | Rightmove PLC | Interactive Media & Services | $4.8bn | 98.2 | Wonderful business – wait for a fair price |
| 7 | REL | Relx PLC | Research & Consulting Services | $64.1bn | 97.8 | Wonderful business – wait for a fair price |
| 8 | SGE | The Sage Group plc | Application Software | $12.9bn | 97.5 | Wonderful business – wait for a fair price |
| 9 | GAW | Games Workshop Group PLC | Leisure Products | $7.3bn | 97.1 | Wonderful business – wait for a fair price |
| 10 | ROR | Rotork PLC | Industrial Machinery & Supplies & Components | $5.3bn | 96.8 | Wonderful business – wait for a fair price |
Mony Group PLC
GSK plc
Mitie Group PLC
Gamma Communications Plc
Autotrader Group PLC
Rightmove PLC
Relx PLC
The Sage Group plc
Games Workshop Group PLC
Rotork PLC
Disclaimer
This page applies Charlie Munger's documented investment philosophy to UK-listed equities. Rankings and scores are illustrative and do not constitute investment advice. Past performance is not indicative of future results. Always conduct your own research before making investment decisions.