If youre looking for a great book to read, this list of books recommended by munger is a great place to start. Poor charlies almanack by charlie munger book summary and. Berkshire hathaway has averaged an annual growth in book value of 19. Charles munger still the best article ever written on. A book recommended by bill gates and charlie munger. It consists of 2 commencement speeches made by munger harvard 1986 and ucla law 2007 and his psychology of human misjudgment. Youd be amazed at how much warren buffett reads at how much i read. Jan 01, 2005 best known as warren buffetts longtime and mediashy investment partner, and as the progenitor of pithy wisdom at berkshire hathaways agms, poor charlies almanack the collected wit and wisdom of charles t. Heres a list of every book warren buffett has recommended this. 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. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. Dec, 2007 joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. 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. Below are a list of 20 books recommended by munger and four books about charlie munger.
But warren buffett is no ordinary investor, and chinas byd is no ordinary company. The complete investor shop now on amazon charlie munger, berkshire hathaways visionary vice chairman and warren buffetts indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. Charlie munger, berkshire hathaways visionary vice chairman and warren buffetts indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. I first learned about this book a year or so ago id heard it recommended by a few successful people id met. 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.
Audio of the often referred to speech by charlie munger on the psychology. Charlie munger tren griffin bok 9780231170987 bokus. Feb 08, 2017 a book recommended by bill gates and charlie munger. In the tao of charlie munger, author david clark collected timeless munger quotes from interviews, speeches, annual berkshire hathaway meetings, books and blogs. Charlie munger refers to a latticework of about 100 mental models that he and warren buffett credit for their successful investing. You need a different checklist and different mental models for different companies.
Charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Tipranks measures the performance of charlie munger. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his emotions out. Charlie munger, vice chairman of berkshire hathaway, is often overshadowed by his colleague warren buffett. In the mean time, here are some of my favorite charlie munger quotes. This is still the best talk ever given on the art of stock picking by charles munger. The great charm of charlie munger is his simple, no frills approach. 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 multiple speeches, and in the book poor charlie s almanack. Munger served as chairman of wesco financial corporation from 1984 through 2011. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo.
Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. With his famously abrupt manner, charlie munger is a hard man to please. The book is short only 104 pages but packed with amazing insights. Born in omaha, nebraska in 1924 charlie munger studied mathematics at the university of michigan, trained as a meteorologist at cal tech pasadena while in the army, and graduated magna cum laude from harvard law school without ever earning an undergraduate degree. The top 100 mental models inspired by charlie munger rob. 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.
The book smugglers of timbuktu, the quest for this storied city and the race to save its treasures by charlie english. See more ideas about warren buffett, warren, berkshire. The lessons that munger provides are timeless and its an absolute must read for all investors. Munger is an entertaining, gorgeous and worthwhile coffee table book for finance philosophers and biography aficionados alike.
This complete summary of the ideas from tren griffins book charlie munger gives an insight into the mind of charlie munger, one of the worlds most successful investors and warren buffets longterm partner. See the complete profile on linkedin and discover charlies. Charlie munger on management with talent and integrity the. The idiotic ideas are all from the social science department and i would put economics in the social sciences department although it has some tinges of reality that remind you of arts and science. Hathaway, general dynamics and capital cities broadcasting, to name just a few.
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. Berkshire hathaway vice chairman charlie munger visits the shareholder shopping day in a golf cart as part of the berkshire hathaway annual meeting weekend in omaha, nebraska, may 5, 2017. Best known as warren buffetts longtime and mediashy investment partner, and as the progenitor of pithy wisdom at berkshire hathaways agms, poor charlies almanack the collected wit and wisdom of charles t. Charlie munger on management with talent and integrity. The key to wisdom, according to buffetts righthandman, boils down to. Delegate, but not everything with only a little over 20 people working at berkshire, buffett and munger must leave it to the managers to run the businesses in the portfolio since they dont have the staff to do otherwise.
Even a country as cautious, sound, and generous as america could come to ruin if it failed to address the dangers that can be caused by the ordinary accidents of life. Charlie manger founder and ceo development and investment. In berkshire hathaways annual shareholder letter dated february 25, 2012. Jun 03, 2014 if youre looking for a great book to read, this list of books recommended by munger is a great place to start. Steve ross and the creation of time warner book recommended by charlie munger 2011 berkshire hathaway annual meeting. 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. Munger has never stated how many books he has read. Berkshire hathaway ultimate pop culture wiki fandom. Mental models introduction youve got to have models in your head and youve got to array your experience both vicarious and direct onto this latticework of mental models. Books recommended by charlie munger 51 books goodreads. Twenty years ago, a small circle of investors and academics gathered in new york to listen to berkshire hathaways warren buffett and charlie munger.
Looking to get a head start on your 2020 reading list. Charlie munger story bio, facts, networth, home, family. Buffetts partner charlie munger share the key to wisdom. Charlie munger over the very longterm, history shows that the chances of any business surviving in a manner agreeable to a companys owners are slim at best. Behind the scenes with berkshire hathaway billionaire charlie. Thanks a lot your the commonplace book post, it was probably one of the most influencial pieces ive read lately. This is, of course, by choice since what the two men love most is investing.
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. Business books 10 book recommendations from warren buffetts righthand man avid reader charlie munger shares his top picks. What are some of the books recommended by charlie munger. Run, dont walk, to buy charlie mungers favorite stock. In all his talks, he shows wit, rationality, and incredible clarity of thought. The berkshire hathaway reading list warren buffett archive. Radically rational blueprint for success, william n. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. A matter of degrees, a universe from nothing, andrew carnegie, benjamin franklin etc. Charlie munger explains why he called a popular earnings. Aug 21, 2017 in the tao of charlie munger, author david clark collected timeless munger quotes on life, business and building wealth.
The top 100 mental models inspired by charlie munger. Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Munger is also one of the main inspirations behind seeking wisdom. Charlie munger oil is absolutely certain to become very. This article mentions twenty books charlie munger has read and recommended over the years. Charles munger still the best article ever written on stock. Here is an excerpt from the article, the art of stock picking by charles munger. Munger, vice chairman of berkshire hathaway, is warren buffetts partner at. The one book that i remember charlie recommending this past year was the quants. Charlie munger has served as vice chairman of warren buffetts berkshire hathaway inc. View charlie mangers profile on linkedin, the worlds largest professional community.
In the tao of charlie munger, author david clark collected timeless munger quotes on life, business and building wealth. Dec 24, 2012 delegate, but not everything with only a little over 20 people working at berkshire, buffett and munger must leave it to the managers to run the businesses in the portfolio since they dont have the staff to do otherwise. Although, he has never authored a book i think, charlie munger has. He is vice chairman of berkshire hathaway, the conglomerate controlled by warren buffett. On paper that looks good, as it would mean his initial investment. Charlie munger oil is absolutely certain to become very short in supply and very high priced january 11, 2015 at a point in time where we are wondering if oil prices have permanently shifted to a lower level or if we are in the midst of a temporary blip, it would be wise to revisit the wise words of charlie munger trades, portfolio that. Jan, 20 audio of the often referred to speech by charlie munger on the psychology. Munger points out that if you dont master the multidisciplinary approach of such mental constructs, you will remain in the middle ranks or shallows in life. Insights on living a rich life from buffetts partner. Risk all investment evaluations should begin by measuring risk, especially reputational. Timbuktu is a real place, and charlie english will fuel your wanderlust with true descriptions of the fabled city s past. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than.
Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. For information on the authorized chinese translation, click here. Book recommended by charlie munger oid june 23, 1994. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. However, much of the investment philosophy employed by buffett and berkshire can be. In 1962, warren buffett began buying stock in berkshire hathaway after. Shop now on amazon charlie munger, berkshire hathaways visionary vice chairman and warren buffetts indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. Poor charlies almanack is a collection of charlie mungers best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. Insights on living a rich life from buffetts partner charlie. Ewen cameron watt recommends this narrative chronicling the conflict on the front line with alqaeda and the race to preserve an ancient culture. This is, of course, by choice since what the two men love most is. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than others. 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. How a new breed of math whizzes conquered wall street and nearly destroyed it. Charles thomas munger born january 1, 1924 is an american investor, businessman, former real estate attorney, and philanthropist. This book is something of a publishing miraclenever advertised, yet year after year selling many thousands of copies from its internet site. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. That makes munger one of the best and most successful stock pickers on the planet. If charlie munger didnt quit when he was divorced, broke. How many books has charlie munger read in his entire lifetime. He is also chairman of daily journal corp and director of costco wholesale corperation. May 08, 2017 berkshire hathaway vice chairman charlie munger visits the shareholder shopping day in a golf cart as part of the berkshire hathaway annual meeting weekend in omaha, nebraska, may 5, 2017. Warren buffett and charlie munger both cite their extensive reading habits as a major cornerstone of their success. What are some of the books recommended by charlie munger at. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway.
Today, munger is one of americas most successful investors, the vice chairman. As we stated in last years letter, neither charlie munger, my partner in managing berkshire, nor i agree with that rule. Charlie munger s recommended books on topics including investing, science, evolution, behavioral finance, poor charlie s almanack, god. According to the forbes global 2000 list and formula, berkshire hathaway is the third.
Munger, immobile and expressionless throughout the day they could easily substitute a mannequin for quite a while and noone would notice, typically replies, i have nothing to add. The psychology of human misjudgement charlie munger full. The munger network of mental models paper by rich rockwood books about munger. In economics textbooks they teach you greshams law. Charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Charlie mungers investing principles checklist gurufocus. 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. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems.
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