Charlie Munger Reveals How He Handles a 50%+ Decline in Berkshire Hathaway Stock

Charlie Munger said he has experienced Berkshire Hathaway shares falling by 50% or more three times.
His response? Zero concern.
Munger viewed major market declines as a normal part of long-term investing and believed investors should be able to handle a 50% drawdown with patience and composure rather than panic.
He argued that anyone unwilling to tolerate such declines two or three times in a century may not be suited to long-term stock ownership.