Charlie Munger: Most Fund Managers Are Just Glorified Fortune Tellers – And He’s Right!
Share this article:
Let me ask you a blunt question:
Would you trust your retirement savings to someone who guesses for a living?
Because according to the legendary Charlie Munger, that’s exactly what most fund managers are doing.
“The investment management industry is a scandal in many ways. It's like fortune telling.” – Charlie Munger
🔥 That’s a scorching take from one of the greatest minds in investing — and guess what?
The data actually backs him up!
Wall Street’s Dirty Little Secret
Study after study has shown that over 80% of actively managed funds underperform the market.
That means if you’d just bought a simple index fund, you would’ve done better than most of the “experts” with suits, jargon, and a million data screens.
Why? Because most money managers don’t invest.
They speculate.
They follow trends. Chase momentum. Rely on short-term predictions and flashy charts.
It’s financial entertainment — not value investing.
Munger’s Method: Think Long-Term, Understand the Business
Munger (and Buffett) built their fortune not by predicting recessions or interest rates — but by understanding business fundamentals:
-
Is this a great business?
-
Does it have durable competitive advantages?
-
Is it available at a fair price?
No tarot cards. No hype. Just logic, discipline, and patience.
So What Does This Mean for YOU?
Here’s the harsh truth:
If you’re trusting fund managers with your financial future, you might be paying high fees to underperform the market.
But if you’re willing to learn the right way — the Munger way — you don’t need them.
That’s why we created the Value Investing Case Study Subscription.
We break down real companies — their financials, risks, and valuation — so you can see how professionals think, without relying on “fortune tellers.”
👉 Scroll down to register for our FREE Webinar where we show you how you can use ViA Atlas to screen value companies for yourself!
Webinar: Identifying Opportunities in this Volatile Market
Presented by Cayden Chang
Founder of Value Investing Academy and Award-Winning International Speaker, Lifelong Learner Award 2008, Personal Brand Award 2017
You will learn:
- How to navigate market volatility in spite of changes in global trade and interest rates policies
- How an all-weather portfolio of stocks, bonds, and ETFs can help you stay calm and thrive no matter the market direction
- How Cash-Flow Options Strategies (CFOS), modelled after Warren Buffett's principles of Value Investing, support prudent long-term value investing
- Actionable & Duplicable Step-By-Step Value Investing Framework on identifying on identifying and evaluating high-quality companies.

Suitable For
Solutions For
Mind Kinesis Investments Pte Ltd. All Rights Reserved.


