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. Warren buffett and charlie munger answer a question on disney and recommend books at the 1996 berkshire hathaway annual meeting. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Heres a list of every book warren buffett has recommended this. I think it is stupid to use up the hydrocarbons of the world so quickly. Charlie mungers 30 best zingers of all time wisdom condensed. The fates of human societies is a transdisciplinary nonfiction book by jared diamond, professor of geography and. Further information on warren buffetts time at berkshire hathaway. A dozen things ive learned from charlie munger about risk. Charlie munger munger is one of the best investors of our time you can see more on munger s resource page. From the author of the bestselling warren buffett speaks.
If charlie munger didnt quit when he was divorced, broke. Heres a list of every book warren buffett has recommended. What are some of the books recommended by charlie munger. A dozen things ive learned from charlie munger about inversion including the importance of being consistently not stupid categories. When there are new books recommended by charlie munger i sit up and take notice. At the 2012 berkshire meeting munger admitted that the brandbased moats which.
Wisdom of charlie munger part 1 jan 2012 free download as powerpoint presentation. Warren edward buffett is an american business magnate, investor, and philanthropist, who is. We do kind of mentally rub our own noses in our own mistakes. Thanks a lot your the commonplace book post, it was probably one of the most influencial pieces ive read lately. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. 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. Charlie munger value investing strategy joshua kennon.
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. Charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Behind the scenes with berkshire hathaway billionaire charlie munger kindle edition by lowe, janet. 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. A list of fareeds gps book recommendations bookadvice. In multiple speeches, and in the book poor charlies almanack. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. How a new breed of math whizzes conquered wall street and nearly destroyed it.
Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. This week we talk about how to earn money in stocks, real estate, and businesses with good underlying value. 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. Danielle town explains charlie mungers 4 principles of. We will explore the ideas and tactics employed by some of the best investors including charlie munger and warren buffett. If you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. There were two questions, however, that stood out as i read the transcript.
Charlie munger quickly identify mistakes and take action. Damn right is an extremely good book about charlie munger. Charlie munger reveals secrets to getting rich youtube. The great charm of charlie munger is his simple, no frills approach. Charlie mungers 30 best zingers of all time the motley fool. 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.
Poor charlies almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Looking to get a head start on your 2020 reading list. Charlie munger and hes going to give us a few words today. Charlie munger it is really useful to be reminded of your errors. How many different things has wesco done since blue chip stamps. At 800 or so pages this is the perfect book for a weeklong vacation. Peter kaufman, ceo of glenair, who wrote this book, poor charlies almanack about charlie munger. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. 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. Munger especially recommends paying attention to socalled mistakes of. But, given that the two seem to agree more often than not, one can always apply buffetts criteria as a fill in for mungers. Stock investor makes selfdirected investing easy with investment recommendations from our investing experts. This article mentions twenty books charlie munger has read and recommended over the years.
Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed. Book recommended by charlie munger 2003 wesco annual meeting a matter of degrees. This book offers a treasure trove of financial wisdom in the form of speeches and essays written by charlie munger. He was inspired by a book he borrowed from the omaha public library at the age. Brkb shareholder meeting, vice chairman charlie munger railed against executive.
He has helped shareholders of berkshire hathaway amass untold. Warren buffetts longtime investing partner charlie munger thinks americans should look for opportunities in china, where berkshire hathaway has invested on electric automaker byd. Why good people are divided by politics and religion by jonathan haidt july 29, 2012 the sense of an ending by julian barnes july 22, 2012 the telltale brain by v. Charlie munger plays berkshires hand in china bet and.
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. 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. Munger has never stated how many books he has read. So, here is a list of indian stocks that match mungers stock picking criteria. People usually do not rise to this level unless they re very smart, good. Its an excellent book, the best book ive ever read, by far, in my life.
He is also chairman of daily journal corp and director of costco wholesale corperation. Charlie mungers value investing principles checklist. In his 2012 shareholder letter, buffett praises the outsiders as an outstanding book about ceos who excelled at capital allocation. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. Munger is known to read quite a lot of books on varying topics. Danielle town, author of invested, learned about the stock market from studying pros like charlie munger and warren buffett. How many books has charlie munger read in his entire lifetime. A dozen things ive learned from charlie munger about risk september 5. 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. 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. We attended the daily journal annual meeting and met charlie munger and mohnish pabrai. Charlie munger has never really stated an investment criteria for stocks as clearly as warren buffett has done.
In his direct, nogames style, munger answered lots of questions, sharing his wisdom with the attendants. The difference between a good business and a bad business mistakes charlie munger learned about business in the best way possible. Mungers methods chapter 1 charlie munger on mistakes charlie munger. Reading about business is vital charlie has said many times, but there is no substitute for wading in and actually. His life and universe by walter isaacson august 26, 2012 the book of joe by jonathan tropper august 5, 2012 the righteous mind.
Negotiating agreement without giving in by roger fisher, faraday. Munger is an entertaining, gorgeous and worthwhile coffee table book for finance philosophers and biography aficionados alike. The one book that i remember charlie recommending this past year was the quants. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. But poor charlies almanack proves that munger has a lot to add. In may 2012, buffetts acquisition of media general, consisting of 63. Djco investor meeting, charlie munger trades, portfolio, as usual, was surrounded by people asking him questions to get a grasp on one of the best minds of his generation. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. 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. Use features like bookmarks, note taking and highlighting while reading damn right behind. Reading is a big part of life and majority of successful people apply it.
Human nature always has incentives to rationalize and misbehave. 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. Run, dont walk, to buy charlie mungers favorite stock. What temperature reveals about the past and future of our species, planet, and universe book recommended by charlie munger.