Charlie Munger Called Jeff Bezos An 'Amazing Human Leader,' But Missed Out On Amazon Stock Because It Was 'Too Complicated'.

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Charlie Munger Called Jeff Bezos An 'Amazing Human Leader,' But Missed Out On Amazon Stock Because It Was 'Too Complicated'. Charlie Munger, the venerable late Vice Chairman of Berkshire Hathaway (NYSE:BRK) (NYSE:BRK), never minced words when it comes to praising Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos. In a candid discussion in 2019, Munger lauded Bezos as an "amazing human leader," comparing him to Lee Kuan Yew, the transformative leader of Singapore. Don't Miss: Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you . Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more accessible. Bezos’ leadership at Amazon led the company to global dominance in e-commerce and cloud computing. Despite this admiration, Munger and Berkshire Hathaway were notably late in investing in Amazon. Munger’s hesitation to invest in Amazon was rooted in the company’s complexity and the uncertainties that surrounded it. "It's always been too complicated and uncertain for my particular temperament," Munger said. He emphasized his preference for investments where outcomes could be predicted with a high degree of accuracy. This conservative approach has been a cornerstone of Berkshire Hathaway’s investment strategy, focusing on businesses with clear, stable trajectories. This cautiousness led to a missed opportunity, one that Munger acknowledged with a hint of regret. He admired Bezos’ unparalleled leadership but stayed true to his investment principles, favoring simpler, more predictable ventures. "I find other things to do that'll work fine," he said. Trending: This city is the clear winner of Zillow's 2024 Home Value Forecast — No surprise as the number of millionaires there grew by 75% in the last decade. Over the last 10 years, shares of Berkshire are up over 216% as viewed in the chart from Benzinga Pro below. Compare that to the +1,055% gain for Amazon.com shares over the last 10 years, as seen in the Benzinga Pro chart below, and it may be easy to see why Munger had some level of regret in not investing in the Bezos-founded ecommerce company. Read Next: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — How much is that worth today? How do billionaires pay less in income tax than you? Tax deferring is their number one strategy. "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now! Story continues Get the latest stock analysis from Benzinga? This article Charlie Munger Called Jeff Bezos An 'Amazing Human Leader,' But Missed Out On Amazon Stock Because It Was 'Too Complicated'. originally appeared on Benzinga.com