Charles munger has since used prop 14 elections to spend big bucks on moderateliberal republican candidates. 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. Would you feel comfortable if she were to be elected president next year. Charlie munger s recommended books on topics including investing, science, evolution, behavioral finance, poor charlie s almanack, god.
Consider this a look at one of munger s many bookshelves. Charlie mungers investing principles checklist gurufocus. The great charm of charlie munger is his simple, no frills approach. If charlie munger didnt quit when he was divorced, broke. Download it once and read it on your kindle device, pc, phones or tablets. Negotiating agreement without giving in by roger fisher, faraday. Youd be amazed at how much warren buffett reads at how much. 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 vicechairman at berkshire hathaway and. I recently finished peter bevelins book, seeking wisdom. The longtime vice chairman of berkshire hathaway long ago assembled a checklist of 25 tendencies that lead to what he called.
Charlie mungers 30 best zingers of all time the motley fool. When there are new books recommended by charlie munger i sit up and take notice. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. I write about banks, trying my best to balance the good and the bad. 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. 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. The complete investor columbia business school publishing kindle edition by griffin, tren. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. This book offers a treasure trove of financial wisdom in the form of speeches and essays written by charlie munger. In a sector like technology munger and buffett have both said they do not understand the business well enough to be investors. Risk all investment evaluations should begin by measuring risk, especially reputational. Content to being the lesser known of the two, munger is no less impressive.
Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Speaking of both parties, it seems that a lot of people are assuming that it is hillary clintons race to lose on the democratic side, and maybe for the whole general election. The vicechairman of berkshire hathaway corporation, the diversified company chaired by renowned investor warren buffet. Poor charlies almanack by charlie munger book summary and. Munger, along with buffett, is one of the main inspirations behind the book. Munger is known to read quite a lot of books on varying topics. In multiple speeches, and in the book poor charlie s almanack.
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. Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed. 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. Heres a list of every book warren buffett has recommended. That quote kickstarted my own reading habits and helps me regularly read over 100 books a year. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Feb 08, 2017 39 book recommendations from billionaire charlie munger that will make you smarter. Charlie munger reveals secrets to getting rich youtube. Aug 06, 2012 from charlie munger at the 2011 berkshire hathaway meeting. Charlie munger pdf summary tren griffin 12min blog. Charlie munger gave an insightful speech on 24 standard causes of human. Upon graduating from harvard law school in 1948, charles. He worked previously as an editor at dow jones newswires, as online editor at seafood industry news service intrafish and. 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.
Charlie mungers 30 best zingers of all time wisdom condensed. Books recommended by charlie munger 51 books goodreads. 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. 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. Charlie munger has little patience for daily journal auditors. 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. Because, after all, learning from the success and failure of others is the fastest way to get smarter and wiser without a lot of pain. Charlie munger on getting rich, wisdom, focus, fake knowledge. 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.
In the chronicles of american financial history, writes david clark in the tao of charlie munger. When charles munger is wrong, it has catastrophic effects on the party. Radically rational blueprint for success, william n. 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. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Use features like bookmarks, note taking and highlighting while reading charlie munger. The citizens redistricting commission was hijacked by the unions for example. Books recommended by berkshire hathaways charlie munger. Costco of course is a business that became the best in the world in its category. If you cant understand the business you cant determine what you did wrong. 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. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. Top articles and videos about charliemunger on pocket. Ice age by john gribbin, faraday, maxwell, and the.
Jul, 2012 if you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. 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. 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. He is also chairman of daily journal corp and director of costco wholesale corperation.
May 18, 2016 avid reader charlie munger shares his top picks. Brkb shareholder meeting, vice chairman charlie munger railed against executive. Youd be amazed at how much warren readsand at how much i read. Bogles the clash of the cultures is another recommendation from the 2012 shareholder letter. 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. Another set of book recommendations from warren buffett. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. Its been my experience in life, if you just keep thinking and reading, you dont have to work. They think im a book with a couple of legs sticking out. First published in 2005 isbn 1578643031, it was released in an expanded edition isbn 1578645018 three years later. Kennedy ultimately won, from the primaries to the general election. And tren griffins book, charlie munger summary, is all about him. This article mentions twenty books charlie munger has read and recommended over the years. For another shelf, see 19 more book recommendations from charlie munger.
At 800 or so pages this is the perfect book for a weeklong vacation. The complete investor columbia business school publishing. Charles munger has made a career of avoiding common errors in judgment. Popular recommended by charlie munger books goodreads. This collection of advice from charlie munger, vice chairman of. Below are a list of 20 books recommended by munger and four books about charlie munger. Although, he has never authored a book i think, charlie munger. Find the latest news coverage from todays print edition of the wall street journal and gain access to past print issues. He has helped shareholders of berkshire hathaway amass untold fortunes. 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. Charlies most basic guiding principles, his fundamental philosophy of life. 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.
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