Charlie Munger on Apple, airlines, life lessons and his top 3 personal investments

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Billionaire Charlie Munger, one of the most celebrated investors in the world and essential partner in Warren Buffett's success, shared his wit, wisdom and investment philosophy at the annual meeting of Daily Journal, a publishing company where he is chairman.

Munger's annual comments from the meeting, where he takes questions from shareholders, have been shared on Wall Street among his many followers for years and revered for their rational analysis and nuggets of wisdom.

Here are the key highlights for the regular guy from the meeting.

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