More on Charlie Munger as Genius

Below, I propose the notion that Charlie Munger is probably a better investor than Warren Buffett. WSJ steps up to the plate to back me up:

Charlie Munger — Berkshire vice chair and Warren Buffett’s longtime partner — knows a good thing when he sees it.

It was Munger who first learned of an obscure Chinese maker of batteries and automobiles called BYD Inc., several years ago and championed an investment in the firm. “BYD was Charlie’s idea,” Buffett told the Journal in a story back in May. “When he encounters genius and sees it operating in a practical way, he gets blown away.”

Judging by the return Berkshire has seen so far on BYD, Munger might not merely be encountering genius. He might be one. In 2008, Berkshire decided to invest $232 million for a 10% stake in BYD.

In his shareholder letter, Buffett reports that it now values that 10% stake at $1.99 billion, putting the value of that investment above other better-known Berkshire common stock holdings such as Johnson & Johnson, ConocoPhillips and U.S. Bancorp...

It should be noted that Munger was 84 years old when he discovered BYD.