Charlie munger if you tell the truth, you dont have to remember your lies. Risk all investment evaluations should begin by measuring risk, especially reputational. 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. Charlie mungers investing principles checklist gurufocus. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. At the 2012 berkshire meeting munger admitted that the brandbased moats which berkshire has are bought rather than created. Jul, 2012 if you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. They think im a book with a couple of legs sticking out. To a man with a hammer everything looks like a nail.
Keeping things as simple as possible, but no more so, is a constant theme in mungers public statements. A similar thing happened this week on the topic of charlie munger, warren. The book is a collection of speeches and talks given by charlie munger, and compiled by peter kaufman who was on the board of directors of wesco financial which was essentially mungers version. A dozen things charlie munger has said about reading july 26, 2015. Charlie mungers 30 best zingers of all time wisdom condensed. Nineteen more book recommendations from charlie munger. Charlie mungers top 10 rules for success evan carmichael. Warren edward buffett is an american business magnate, investor, and philanthropist, who is. Heres a list of every book warren buffett has recommended. Aug 20, 2014 in book recommendations from billionaire charlie munger that will make you smarter, it is not 100% clear what the source is but shane knows his stuff. Add this topic to your myft digest for news straight to your inbox. Mungers methods chapter 1 charlie munger on mistakes charlie munger.
Munger, warren buffetts righthand man and a genius in his own right. Poor charlies almanack by charlie munger book summary and. Charlie mungers value investing principles checklist. Munger has never stated how many books he has read. Using exemplars of clear thinking and attained wisdom, bevelin focuses on how our thoughts are influenced, why we make misjudgments and. Poor charlies almanack is a collection of speeches and talks by charlie munger, compiled by peter d. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. Poor charlie s almanack is a collection of speeches and talks by charlie munger, compiled by peter d. Charlie munger says living by this rule is key to his success.
Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. He was inspired by a book he borrowed from the omaha public library at the age. As vice chairman of famed holding company berkshire hathaway, charlie munger is warren buffetts righthand man. Warren buffett and charlie munger discuss the best books theyve read in the past year. To vote on books not in the list or books you couldnt find in the list, you can click on the tab add books to this list and then choose from your books, or simply search. Munger is also one of the main inspirations behind seeking wisdom. Charlie mungers recommended books on topics including investing, science, evolution, behavioral finance, poor charlies almanack, god.
Charlie munger calls elon musk brilliant and bitcoin stupid. Stock investor makes selfdirected investing easy with investment recommendations from our investing experts. Books recommended by berkshire hathaways charlie munger. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. This powerful chart made peter lynch 29% a year for years poor charlie s almanac features charlie munger trades, portfolios own checklist, which he believes can help all investors, no matter what their age or experience. Seeking wisdom is a hardcover volume approximately 328 pages in length and perfect for those who love the constant search for knowledge.
Charlie munger is the billionaire business partner of warren buffett and the vice chairman at berkshire hathaway, one of the largest companies. Insights on living a rich life from buffetts partner charlie. Books recommended by charlie munger 51 books goodreads. A business with a moat, a business that can be understood by the investor. In may 2012, buffetts acquisition of media general, consisting of 63. Aug 07, 2018 when there are new books recommended by charlie munger i sit up and take notice. Aug 16, 2017 in the tao of charlie munger, author david clark collected timeless munger quotes from interviews, speeches, annual berkshire hathaway meetings, books and blogs. At the 2012 berkshire meeting munger admitted that the brandbased moats which.
Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Munger especially recommends paying attention to socalled mistakes of omission. Break down a problem into its components, but look at the problem holistically. Further information on warren buffetts time at berkshire hathaway. Over the years munger s compiled a list of book recommendations that has served me well. Football coaches punt too often in games for the same reason. Charlie munger vicechairman at berkshire hathaway and.
Charlie munger munger is one of the best investors of our time you can see more on munger s resource page. Aug 14, 2015 charlie munger s top 10 rules for success evan carmichael. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo, has recommended a handful of books in several of his annual shareholder letters this past decade. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. Charlie munger, the vice chairman of berkshire hathaway, former hedge fund manager, and billionaire value investor, was instrumental in changing warren buffetts way of thinking about value investing. I think were warren buffett and charlie munger pretty good at that. Read cnns fast facts about charles charlie munger and learn about the righthand man and business partner of warren buffett.
This article is a compilation of common investing questions answered using actual charlie munger and warren buffett quotes. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. Charlie munger story bio, facts, networth, home, family. Although largely focused on linking to investing and economic material it deems of interest, it will. The need for a business to have a moat is so strong that munger has made it one of the four essential filters. The ability to spot a moat that someone else created is very different from the ability to create a moat, believes munger. Charlies most basic guiding principles, his fundamental philosophy of life. The great charm of charlie munger is his simple, no frills approach. At the 2012 berkshire meeting munger admitted that the brand based moats which.
Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Charlie munger has a section on the importance of simplicity. If you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Content to being the lesser known of the two, munger is no less impressive. Looking to get a head start on your 2020 reading list. 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. He has helped shareholders of berkshire hathaway amass untold. Charlie munger we think there should be a huge area between what youre willing to do and what you can do without significant risk of suffering criminal penalty or causing. A book thats earned its spot on the new york times bestseller book list, cialdini has concentrated over 30 years of research into how and why people respond with a yes instead of a no. Charlie mungers blue chip stamps shareholder letters 19781982 posted on august 23, 2014 by value book a case study of warren buffett and charlie mungers investment in and management of blue chip stamps. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at.
May 04, 2015 value investing world is a blog dedicated to promoting the multidisciplinary approach to investing and development of as charlie munger describes it a latticework of mental models. In multiple speeches, and in the book poor charlies almanack. Book recommended by charlie munger 2003 wesco annual meeting a matter of degrees. So here you go, my interview with warren and charlie. You dont need to know how to make hamburgers to spot that. Billionaire charlie munger knows a thing or two about what it takes to achieve success after enjoying a fruitful law career, munger joined investment. A dozen things charlie munger has said about reading 25iq. Charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Charlie munger it is really useful to be reminded of your errors. 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. This is the first book you should read if you want to learn more about a latticework of mental models and elementary world wisdom. This article mentions twenty books charlie munger has read and recommended over the years. Negotiating agreement without giving in by roger fisher, faraday. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway.
Click here and here to see warren buffetts and charlie mungers book recommendations over the years poor charlies almanack, edited by peter kaufman originally published in 2005. Munger is also chairman of publisher newspaper publisher daily journal corp. Munger is known to read quite a lot of books on varying topics. 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. The two best books ive found on charlie munger and mental models are both published by intermountain books poor charlies almanack. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. When there are new books recommended by charlie munger i sit up and take notice. Brkb shareholder meeting, vice chairman charlie munger railed against executive.
Watch warren buffett armwrestle an nfl pro we have no antiunion philosophy at berkshire. Run, dont walk, to buy charlie mungers favorite stock. With decades of wall street experience, we publish investment newsletters and website articles offering advice on the best stocks, options, etfs and mutual funds to invest in for both dividends and capital gains. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Charlie munger quickly identify mistakes and take action. How many books has charlie munger read in his entire lifetime. Charlie munger im right, and youre smart, and sooner or later youll see im right. Forbes magazine hailed cialdinis work on their favorite 75 smartest business books list, with its explanation of how people feel obligated to return favors reciprocity and why commitment is so. He has helped shareholders of berkshire hathaway amass untold fortunes. To read more about munger and the speeches he made, check out 10 insights from the berkshire hathaway weekend, as well as. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the time none, zero. Heres a list of every book warren buffett has recommended this. Charlie munger on moats first of the four essential filters.
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. Jul 26, 2015 a dozen things charlie munger has said about reading july 26, 2015. The book is a collection of speeches and talks given by charlie munger, and compiled by peter kaufman who was on the board of directors of wesco financial which was essentially mungers version of buffetts berkshire hathaway. But poor charlies almanack proves that munger has a lot to add. If there is anything fundamental about what charlie munger has learned about business it is this. If charlie munger didnt quit when he was divorced, broke. 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. He is also chairman of daily journal corp and director of costco wholesale corperation. In book recommendations from billionaire charlie munger that will make you smarter, it is not 100% clear what the source is but shane knows his stuff. Insights on living a rich life from buffetts partner. First published in 2005 isbn 1578643031, it was released in an expanded edition isbn 1578645018 three years later. Charlie mungers 30 best zingers of all time the motley fool. Jul 26, 2018 billionaire charlie munger knows a thing or two about what it takes to achieve success after enjoying a fruitful law career, munger joined investment firm berkshire hathaway, where he has served.
It tells the story of nebraska football during 199397, a golden era in which tom osbornes teams went 603. This powerful chart made peter lynch 29% a year for years poor charlies almanac features charlie munger trades, portfolios own checklist, which he believes can help all investors, no matter what their age or experience. Charlie munger reveals secrets to getting rich youtube. Oct 26, 2016 but poor charlies almanack proves that munger has a lot to add. Dec 06, 2012 the need for a business to have a moat is so strong that munger has made it one of the four essential filters he uses in deciding whether to invest in a given business. Charlie insisted that the value investing investor would be better served by focusing on better quality businesses, even if the price were higher, because those businesses could be held for. Former wesco board member and fellow charlie admirer, peter kaufman came up with the brilliant idea of putting together a book that would honor charlie and capture all of the wisdom hes shared over the years in. Hes charlie munger and here are his top 10 rules for success. Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed.
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