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. Run, dont walk, to buy charlie mungers favorite stock. For information on the authorized chinese translation, click here. Mungers nonstandard ideas and approaches, which makes it a very good read. Munger was asked for his views on cryptocurrencies during a university of michigans ross school of business event.
If youre looking for a great book to read, this list of books recommended by munger is a great place to start. In fact, munger is better known for his views on life, psychological principles and talks on how to succeed at life than he is for his investing success. Charlies most basic guiding principles, his fundamental philosophy of life. Charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. This book is something of a publishing miraclenever advertised, yet year after year selling many thousands of copies from its internet site. The ascent is the motley fools new personal finance brand devoted to helping you live a richer life. Charlie munger without numerical fluency, in the part of life most of us inhibit, you are like a onelegged man in an asskicking contest. Jerry brown in the face of voting for crucial referendums that are on the ballot in november. That makes munger one of the best and most successful stock pickers on the planet.
How a new breed of math whizzes conquered wall street and nearly destroyed it. Charlie munger, vice chairman of berkshire hathaway, is often overshadowed by his colleague warren buffett. Charlie munger on the intelligent improvement of yourself. I think were warren buffett and charlie munger pretty good at that. The one book that i remember charlie recommending this past year was the quants. Charlie mungers 30 best zingers of all time the motley fool. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom.
Charlie munger quickly identify mistakes and take action. Risk all investment evaluations should begin by measuring risk, especially reputational. Happened on may 5th during the 2018 berkshire hathaway shareholder meeting charlie munger on elon musk. Thanks a lot your the commonplace book post, it was probably one of the most influencial pieces ive read lately. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. A book recommended by bill gates and charlie munger. Learn how to ignore the examples from others when they are wrong, because few skills are more worth having. Heres a list of every book warren buffett has recommended this. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Charlie munger has served as vice chairman of warren buffetts berkshire hathaway inc. Charlie munger it is really useful to be reminded of your errors. Munger has never stated how many books he has read. Let us bring the experience to your digital doorstep by signing up for our free dispatches from.
What are some of the books recommended by charlie munger. Looking to get a head start on your 2020 reading list. Well, i think you should be intelligent in improving yourself. In multiple speeches, and in the book poor charlies almanack. Heres a list of every book warren buffett has recommended.
Steve ross and the creation of time warner book recommended by charlie munger. With his famously abrupt manner, charlie munger is a hard man to please. 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. Business books 10 book recommendations from warren buffetts righthand man avid reader charlie munger shares his top picks. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012.
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 recommended at the 2007 wesco annual meeting. Charlie mungers value investing principles checklist. Books recommended by berkshire hathaways charlie munger. 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. The children of charlie munger, warren buffets business partner, are duking it out with california gov. Warren buffett and charlie munger both cite their extensive reading habits as a major cornerstone of their success. Charlie munger is warren buffetts partner and vicechairman at berkshire hathaway, the investment conglomerate.
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. The list includes books on human nature, darwins theory, and benjamin franklin. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Excerpts from pages 206209 of poor charlies almanack. When asked for a foolproof system of achieving financial security or saving for retirement, charlie responds. Charlie munger and the 2014 daily journal annual meeting. Berkshire 2012 interested in what charlie munger and warren buffett have to say at berkshire 2012. Elon says a conventional moat is quaint, and thats true of a puddle of water. 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 berkshire hathaway reading list warren buffett archive. 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. Charlie munger tren griffin bok 9780231170987 bokus. The chairman and vice chairman of berkshire hathaway, warren buffett and charlie munger, are legendary business partners.
There is a method to his mastery and, through this book, we get a chance to learn about this rare individual. 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. The difference between a good business and a bad business mistakes charlie munger learned about business in the best way possible. This is, of course, by choice since what the two men love most is. Below are a list of 20 books recommended by munger and four books about charlie munger. This book offers a treasure trove of financial wisdom in the form of speeches and essays. Charlie munger the first part of mungers answer deals with mental models the big, timetested, ideas from all the disciplines. Nineteen more book recommendations from charlie munger.
The bookstore at the 2010 berkshire hathaway advised that this book was charlie s recommendation. Warren buffetts top lieutenant, charlie munger, is a bitcoin skeptic. The great charm of charlie munger is his simple, no frills approach. A matter of degrees, a universe from nothing, andrew carnegie, benjamin franklin etc. We do kind of mentally rub our own noses in our own mistakes. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his emotions out. 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. 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. Tim ferrisss 4hour workweek and lifestyle design blog. 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. Warren buffett remembers first meeting charlie munger. In his capacity, munger has been a behindthescenes cothinker at berkshire and has influenced many a decision made by warren buffett.
How many books has charlie munger read in his entire lifetime. 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. Buffett partner charlie munger says bitcoin is total. Behind the scenes with berkshire hathaway billionaire charlie munger by janet lowe. Reading about business is vital charlie has said many times, but there is no substitute for wading in and actually. Charlie munger trades, portfolio is warren buffett trades, portfolios righthand man at berkshire hathaway and also one of the most prominent thinkers in the investment world. Steve ross and the creation of time warner book recommended by charlie munger 2011 berkshire hathaway annual meeting.
From the author of the bestselling warren buffett speaks. 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. Brkb shareholder meeting, vice chairman charlie munger railed. 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. Charlie mungers thoughts on just about everything the. The bookstore at the 2010 berkshire hathaway advised that this book was charlies recommendation. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. They think im a book with a couple of legs sticking out. Warren buffett and charlie munger discuss the best books theyve read in the past year. Behind the scenes with berkshire hathaway billionaire. Charlie munger on management with talent and integrity. Book recommendations from charlie munger business insider. This article mentions twenty books charlie munger has read and recommended over the years.
Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. 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. 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. Investing advice from charlie munger joshua kennon. Book recommended by charlie munger oid june 23, 1994.
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