Charlie Munger (born 1924) is the Vice Chair and second-in-command to Warren Buffett, the celebrated investor who chairs Berkshire Hathaway, a $354.6-billion diversified conglomerate based in Omaha, Neb. As Buffett’s closest business partner and “right-hand man” for over four decades, Munger has been instrumental in the growth of Berkshire into a giant diversified holding company
What Is a Chart of Accounts (COA)? A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories. Key
What Is a Chartered Bank? A chartered bank is a financial institution (FI) whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, as well as to lend money out. Chartered bank specifics vary from country to country. However, in general, a chartered bank in operation has obtained a form of
What Is a Chartered Financial Consultant (ChFC)? A Chartered Financial Consultant is a professional designation representing the completion of a comprehensive course consisting of financial education, examinations, and practical experience. Chartered Financial Consultant designations are granted by the American College upon completion of seven required courses and two elective courses. Those who earn the designation are
What Is a Chartered Mutual Fund Counselor (CMFC)? Chartered Mutual Fund Counselor (CMFC) is a professional designation for mutual fund advisers. It was previously awarded by the College for Financial Planning, now part of Kaplan, to financial services professionals who completed a study program and passed an exam covering mutual fund topics. While it is
What is a Chartered Trust And Estate Planner Chartered Trust and Estate Planner is a professional accreditation offered by the Global Academy of Finance and Management (GAFM). BREAKING DOWN Chartered Trust And Estate Planner Chartered Trust and Estate Planner is an accreditation granted by the GAFM, formerly the American Academy of Financial Management. This credential
What Is the Chartered Wealth Manager (CWM)? Chartered wealth manager (CWM) is a professional designation issued by the GAFM Global Academy of Finance and Management, formerly the American Academy of Financial Management (AAFM). It is intended to certify the knowledge and skill of wealth management professionals. The prerequisites for the CWM program are three or
What Is a Chart Formation? A chart formation is a pattern created by price data or other metric that a technical trader recognizes from a past analysis. Thus, they can anticipate what the price may do next based on how that pattern played out when it appeared previously. There are multiple chart formations; some are
What Does Chasing Nickles Around Dollar Bills Mean? The expression chasing nickles around dollar bills is slang for when a foreign exchange (forex) trader pursues a trend in the currency market. Traders chase nickles when they go after the price of a currency during fads or enter a trade when a trend is near its end. The
What is Chastity Bond? A chastity bond is a corporate bond that matures, at par, when triggered by an event, such as a hostile takeover, that raises the cost of the acquisition to the acquirer. Key Takeaways A chastity bond is a corporate bond that matures, at par, when triggered by an event, such as
