Charlie munger on getting rich, wisdom, focus, fake knowledge. A compilation of quotes from berkshire hathaways vice chairman on life, business, and the pursuit of wealth, charlie munger will be seen as the proverbial enigma wrapped in a paradoxhe is both a mystery and a contradiction at the same time. The complete investor columbia business school publishing kindle edition by griffin, tren. Its been my experience in life, if you just keep thinking and reading, you dont have to work. This article mentions twenty books charlie munger has read and recommended over the years. Below are a list of 20 books recommended by munger and four books about charlie munger. Content to being the lesser known of the two, munger is no less impressive. At 800 or so pages this is the perfect book for a weeklong vacation.
Jun 03, 2014 20 book recommendations from billionaire charlie munger that will make you smarter the joy of mixology the history of the manhattan rory sutherland this thing for which we have no name. This book offers a treasure trove of financial wisdom in the form of speeches and essays written by charlie munger. Top articles and videos about charliemunger on pocket. And it did it with an extreme meritocracy, and an extreme ethical dutyselfimposed to take all its cost advantages as fast as it could accumulate them and pass them on to the customers. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. He is also chairman of daily journal corp and director of costco wholesale corperation. And tren griffins book, charlie munger summary, is all about him. Another set of book recommendations from warren buffett. Poor charlies almanack by charlie munger book summary and. Radically rational blueprint for success, william n. Feb 08, 2017 39 book recommendations from billionaire charlie munger that will make you smarter. Heres a list of every book warren buffett has recommended. If you cant understand the business you cant determine what you did wrong. Phil fisher had a significant influence on charlie mungers decision to invest in stocks based on a bargain relative to the quality of the business.
Books recommended by charlie munger score a book s total score is based on multiple factors, including the number of people who have voted for it and how highly those voters ranked the book. In a sector like technology munger and buffett have both said they do not understand the business well enough to be investors. Jun 11, 2014 read cnn s fast facts about charles charlie munger and learn about the righthand man and business partner of warren buffett. Charlie munger pdf summary tren griffin 12min blog.
Bogles the clash of the cultures is another recommendation from the 2012 shareholder letter. Find the latest news coverage from todays print edition of the wall street journal and gain access to past print issues. Youd be amazed at how much warren buffett reads at how much. The longtime vice chairman of berkshire hathaway long ago assembled a checklist of 25 tendencies that lead to what he called. Books recommended by berkshire hathaways charlie munger. Use features like bookmarks, note taking and highlighting while reading charlie munger. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. Jul, 2012 if you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Although, he has never authored a book i think, charlie munger.
That quote kickstarted my own reading habits and helps me regularly read over 100 books a year. This collection of advice from charlie munger, vice chairman of. The great charm of charlie munger is his simple, no frills approach. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Two other books that might interest you are damn right behind the scenes with berkshire hathaway billionaire charlie munger and, one of my all time personal favorites, seeking wisdom. Oct, 2015 in this short book 192 pages tren griffin gives us a selection of wellchosen quotes from which we can built up a picture of charlie munger the man and charlie munger the investor not that theres much difference between the two. Youd be amazed at how much warren readsand at how much i read. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Charles munger has made a career of avoiding common errors in judgment. Costco of course is a business that became the best in the world in its category. Nov 16, 2012 in other words, munger and buffett like to be able to understand why they made a mistake, so they can learn from the experience. Would you feel comfortable if she were to be elected president next year.
When there are new books recommended by charlie munger i sit up and take notice. A top book recommended by bill gates, getting better encourages us with the fact that the global quality of life has vastly improved and its set to keep on. I recently finished peter bevelins book, seeking wisdom. First published in 2005 isbn 1578643031, it was released in an expanded edition isbn 1578645018 three years later. Charlie mungers investing principles checklist gurufocus. Munger is known to read quite a lot of books on varying topics. He has helped shareholders of berkshire hathaway amass untold fortunes. Poor charlie s almanack is a collection of speeches and talks by charlie munger, compiled by peter d. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. Charlie munger vicechairman at berkshire hathaway and. Charlie mungers 30 best zingers of all time the motley fool. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. Kennedy ultimately won, from the primaries to the general election. The buffet munger method is to read a couple newspapers and annual reports every day, think about business opportunities and qualitative management, and then calculate intrinsic value via the discounted cash flow method, and look for an intrinsic value significantly less than market value, the much discussed margin of safety.
The son of billionaire charles mungervice chairman of berkshire hathawaythe younger munger also advocated in california ballot proposition politics, having sponsored and supported two separate measures related to redistricting in 2008 and 2010. Charlie munger s recommended books on topics including investing, science, evolution, behavioral finance, poor charlie s almanack, god. Munger, along with buffett, is one of the main inspirations behind the book. Charlie munger teaches you the investment approach and ideas about life from warren buffetts business partner and billionaire charlie munger, which the two have used for decades to run one of the most successful companies in the world. The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. In the chronicles of american financial history, writes david clark in the tao of charlie munger. Upon graduating from harvard law school in 1948, charles. Charlie mungers 30 best zingers of all time wisdom condensed. He worked previously as an editor at dow jones newswires, as online editor at seafood industry news service intrafish and. In multiple speeches, and in the book poor charlie s almanack. Charles munger has since used prop 14 elections to spend big bucks on moderateliberal republican candidates.
Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. I write about banks, trying my best to balance the good and the bad. Charlie munger has little patience for daily journal auditors. If charlie munger didnt quit when he was divorced, broke. Download it once and read it on your kindle device, pc, phones or tablets. Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. In this short book 192 pages tren griffin gives us a selection of wellchosen quotes from which we can built up a picture of charlie munger the man and charlie munger the investor not that theres much difference between the two. If you know anything about charlie munger, hes famous for his quick wit, plain spokenness and absolute genius, and he has helped shareholders of berkshire hathaway amass untold fortunes. Charles thomas munger born january 1, 1924 is an american investor, businessman, former.
Charlies most basic guiding principles, his fundamental philosophy of life. Whalewisdom has at least 2 d filings, 1 g filings, and 9 form 4 filings the firm has no submitted f filings and does not appear to be an investment advisor. Charlie munger reveals secrets to getting rich youtube. Ice age by john gribbin, faraday, maxwell, and the. Popular recommended by charlie munger books goodreads. Negotiating agreement without giving in by roger fisher, faraday. The vicechairman of berkshire hathaway corporation, the diversified company chaired by renowned investor warren buffet. Charlie munger is the billionaire business partner of warren buffett and the vice chairman at berkshire hathaway, one of the largest companies in the world. They think im a book with a couple of legs sticking out. Aug 06, 2012 from charlie munger at the 2011 berkshire hathaway meeting. Consider this a look at one of munger s many bookshelves.
Charlie munger gave an insightful speech on 24 standard causes of human. The complete investor columbia business school publishing. For another shelf, see 19 more book recommendations from charlie munger. Brkb shareholder meeting, vice chairman charlie munger railed against executive. The book does not seem to be very wellknown in the investment community, but it should be, as the lessons from the bookprimarily what munger calls the multiple mental model approachmake it fairly clear why munger was able to convince buffett to switch from his cigarbutt style of investing to one. May 18, 2016 avid reader charlie munger shares his top picks. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page.
700 1038 1388 520 782 677 703 1587 770 67 779 1472 749 744 457 928 1254 557 645 178 759 526 362 1232 1151 926 1303 388 49 327