May 02, 2020 about charlie munger professional gave up his law practice to focus on something, investing, that seemed more sensible as a vehicle toward the financial freedom that he so desired. He is also chairman of daily journal corp and director of costco wholesale corperation. Charlie munger, warren buffetts longtime business partner, has donated millions of dollars to fund college buildings and other institutions. From this front row seat, youll see one of the greatest wealthbuilding records in history unfold, year by year. We both insist on a lot of time being available almost every day to just sit and think. Charlie munger more people would benefit from charlie if his thoughts were more accessible and if he was as prolific a writer as he is a reader. Charlie munger and the 2014 daily journal annual meeting. University of berkshire hathaway is a remarkable retelling of the lessons, wisdom, and investment strategies handed down personally from warren buffett and charlie munger to shareholders during 30 years of their closeddoor annual meetings. The lessons that munger provides are timeless and its an absolute must read for all investors.
A dozen lessons about investing and money from dan ariely. Organized common or uncommon sense very basic knowledge is an enormously powerful tool. According to the berkshire hathaway vice chairman, we have a vast gambling culture, and. The book is presented in the form of a conversation between a seeker of wisdom, buffett, munger and in my view redundant a character called librarian. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to material from other disciplines. Peter bevelin begins his fascinating book with confucius great wisdom. This book is something of a publishing miraclenever advertised, yet year after year selling many thousands of copies from its internet site. As long as i have a book in my hand, i dont feel like im wasting time. Investors and speculators will often encounter people, usually salespeople, but not always, who try to intimidate them. Charles munger still the best article ever written on stock. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. And when they say oh, joe has common sense, they mean he has uncommon sense.
This is the book that all of us that us who love the wit and wisdom of mr. Charlie munger s comments on berkshire hathaway and wesco at the 2000 wesco financial annual meeting, may 15, 2000. Charlie munger on uncommon sense by the premature millionaire. In this discussion charlie first talks about common sense and how it is not common. Charlie munger is an american investor, businessman and philanthropist. In multiple speeches, and in the book poor charlie s almanack. Jul 12, 2015 charlie munger on uncommon sense posted on june 14, 2015 june 14, 2015 by value book from poor charlie s almanack. About charlie munger charlie munger is one of the great minds of the 20th century.
It says, buffett and munger a study in simplicity and uncommon, common sense. Charlie munger on uncommon sense the premature millionaire show the show about side hustles, investing, motivation, and retirement by daithi may 11, 2019 share. A dozen things charlie munger has said about reading. Schools just have to let him weigh in on his big ideas about architecture, according to a report from the wall street journal. I think were warren buffett and charlie munger pretty good at that. For information on the authorized chinese translation, click here. The complete investor peter bevelins book seeking wisdom.
Poor charlies almanack by charlie munger book summary and. Peter kaufman, ceo of glenair, who wrote this book, poor charlies almanack about charlie munger. Here is an excerpt from the article, the art of stock picking by charles munger. If you do, then you not only have wasted your money, but more importantly, even charlie munger s wisdom probably cant save you from yourself.
Organized common or uncommon sense very basic knowledgeis an enormously powerful tool. The psychology of persuasion a frequent and persistent recommendation from munger. Charlie munger is the vice chairman of the warren buffettled berkshire hathaway hes known buffett for 60 years, and has often shared his opinions on subjects like business, politics, and. 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.
Charlie munger the best way to get a good spouse is to deserve a good spouse. From darwin to munger has a section on the importance of simplicity bevelin advised. Einstein was a master of sifting the essential from the nonessential and consider this from charlie munger. Please dont buy this, it makes no economical sense to buy a book that is entirely replicated in a book that is half the price and has four times the amount of content. There are more books out there than anyone can read in a lifetime so it makes sense to optimize your reading time and focus only on the best books. Munger, as the number 2 at berkshire hathaway, is somewhat overlooked in the shadow of warren buffett. When the officer noticed the mistake that he made, he went to the manager of the company to admit.
Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. He then discusses the social sciences and his views on them. Yet, as munger recently reflected, the common sense necessary to inform good decisionmaking is actually far from common. At 800 or so pages this is the perfect book for a weeklong vacation, claims. May 18, 2016 avid reader charlie munger shares his top picks. It has so many incredible nuggets of great advice of how to live a happy, memorable andsuccessful life. Munger himself has had a fascinating and hugely successful business life, an eminent attorney, successful real estate developer, and is also a strong and interesting character. Its an excellent book, the best book ive ever read, by far, in my life. Charlie munger quotes about common sense az quotes. Feb 08, 2017 charlie munger reading uncommon sense.
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. 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. If you are a fan of warren buffett, you will like this book. He works alongside warren buffet as the vice chairman of berkshire hathaway. As well as to those who are curious to learn how one can earn so much money by simply investing. Charlie munger is a strong believer in making decisions based on opportunity cost. Charlie munger and hes going to give us a few words today. What there isnt, is much depth of analysis, if youre looking for that, i suggest you try one of the more heavyweight books analyising berkshire hathaway, and grahamdodd value investing. Charlie munger reassures investors that berkshire hathaway has.
Charlie munger is warren buffetts righthand man here are 18 of his most brilliant quotes may 3, 2019, 20. Munger and, most importantly, finally allows all of us to read and study mr. Charlie munger likes to tell the story of a financial employee, in one of his companies, who costs business hundreds of thousands of dollars by making a foolish investment mistake. This is still the best talk ever given on the art of stock picking by charles munger. Charlie munger on intellectual development and common sense. This book is about the fictitious seeker, who has known a lot of misery, and his visit to the library of wisdom where he meets another fictitious character the librarian along. It has a ton of munger quotes, but griffin also does a solid job weaving in quotes from other famous investors like warren buffett and seth klarman.
Common stocks and uncommon profits is one of the classic investment texts written for the lay person. A compilation of quotes from berkshire hathaways vice chairman on life, business, and the pursuit of wealth with commentary by david clark by. Day by day, and at the end of the dayif you live long enoughlike most people, you will get out of life what you deserve. Charlie munger on uncommon sense posted on june 14, 2015 june 14, 2015 by value book from poor charlie s almanack.
Andy serwer with max zahn, yahoo finance may 6, 2019. May 03, 2019 charlie munger is warren buffetts righthand man. Aug 07, 2018 based on that i figured i would put together a charlie munger reading list for other people that are interested as well similar to my list of warren buffett books. Even his ideas about common sense, are, well, uncommon, as he explained to me.
Charlie munger is warren buffetts righthand man here. May 03, 2019 charlie munger is warren buffetts righthand man here are 18 of his most brilliant quotes may 3, 2019, 20. Rather than just seeking value, fisher realized that even a greatly undervalued company could prove a horrible investment. Of course when people talk about common sense, they mean uncommon sense.
Rick wilkingreuters warren buffetts righthand man, charlie munger, is worried about american finance. The biography of charlie munger with annotations and references explained. Charlie munger quickly identify mistakes and take action. Charlie munger by tren griffin clever girl finance by bola sokunbi clients first by joseph callaway and joann callaway common stocks and uncommon profits and other writings by philip a. Charlie munger has a system that flips things on their head in a way that makes complete sense. If youre looking for a great book to read, this list of books recommended by munger is a great place to start. I believe hes given away more copies of this book than. A dozen things charlie munger has said about reading 25iq.
Charlie munger is warren buffetts righthand man here are. Below are a list of 20 books recommended by munger and four books about charlie munger. May 03, 2019 charlie munger is the vice chairman of the warren buffettled berkshire hathaway hes known buffett for 60 years, and has often shared his opinions on subjects like business, politics, and. In all his talks, he shows wit, rationality, and incredible clarity of thought. The 95yearold investor is vice chairman of the warren buffettled berkshire hathaway, a title hes held since 1978. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Fischer crushing it in apartments and commercial real estate by brian murray cryptoassets by chris burniske and jack tatar cut costs not corners by colin barrow. Charlie mungers uncommon sense eases berkshire succession. Even more importantly i want to know what is going to happen. Its an absolutely first class production that contains biographical information on mr. The talks with checklists of mental models he uses in the checklist, the psychology behind every models and antidotes he found that helps to control influence caused by particular models. Twenty years ago, a small circle of investors and academics gathered in new york to listen to berkshire hathaways warren buffett and charlie munger. I thought it would be another compilation of financial mumbo jumbo and ratios. Transcripts of lectures munger gave at various periods in different places.
Like hundreds of people in the room, i clear my calendar to get an annual dose of munger s downhome wisdom and uncommon sense. Spend each day trying to be a little wiser than you were when you woke up. Berkshire hathaway brka, brkb vice chairman charlie munger is a more complicated character than warren buffett. Below is an attempt to capture that wisdom in one shareable place. Charlie munger on common sense and investing youtube. We do kind of mentally rub our own noses in our own mistakes. Common stocks and uncommon profits and other writings. 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.
He is also the chairman of the daily journal coporation and director of costco wholesale corporation. Theres an aweful lot of aphorisms and anecdotes in this book, a lot of folksy wisdom, and a lot of homage to books subject, charlie munger. Charlie munger pdf summary tren griffin 12min blog. The best way by far to know charlie is to read poor charlies almanack. A man who has committed a mistake and doesnt correct it, is committing another mistake. The great charm of charlie munger is his simple, no frills approach. But, it may be also interesting to students of investments strategies. Charlie munger it is really useful to be reminded of your errors. Charlie munger s uncommon sense eases berkshire succession. Part of having uncommon sense is being able to tune out folly, as opposed to recognizing wisdom.
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. Damn right is an extremely good book about charlie munger. Charlie munger i always like it when someone attractive to me agrees with me, so i have fond memories of phil fisher. He calls us the people who come from every corner of the globe. His notion of elementary, worldly wisdom a set of interdisciplinary mental models invo. How we misthink money and how to spend smarter and will arrive in stores in november.
When people use the words common sense, what they mean is uncommon sense, because the standard human condition is ignorance and stupidity. Keeping things simple makes a huge difference and yet we are drawn to the sexiness of complexity. Charlie munger warns about american finance business insider. Charlie munger on the art of successful investment. Published 1915 by bullbrier press in ithaca, new york. Avoid these 5 things that guarantee a life of misery. Apr 01, 2018 consequently, a book about charlie munger is, most obviously, a book about wannabe investors. Charlie munger reassures investors that berkshire hathaway has a thoughtful succession plan. Charlie munger says living by this rule is key to his success. Charlie munger i have always imagined that paradise will be a kind of library. Sure, you might occasionally buy a stock for less than the companys cashinthebank back then, at least. 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. Dec 10, 2016 the little book of common sense investing is a great book providing great insights about investing and what drives return dividends and earnings growth together with a thorough discussion about historical market returns, what to think about when investing costs, taxes, inflation etc. Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary.
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