In this summary of poor charlies almanack, ive extracted the most important points. Munger is known to read quite a lot of books on varying topics. Aug 22, 2015 ive been closely following munger and trying to learn from his latticework of mental models ever since. 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. Unlike other books about charlie munger, this was written and compiled by peter d. In this engaging and challenging book, robert hagstrom outlines a new approach to investing based on the ideas of two highly successful investors. Poor charlie s almanack is a collection of charlie munger s best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. Charlie munger and the 2014 daily journal annual meeting. Behind the scenes with berkshire hathaway billionaire charlie munger. Charlie mungers advice on investing and life choices that. In my whole life, i have known no wise people over a broad.
How i learned to master my mind, my fears, and my money to achieve financial freedom and live a more authentic life with a little help from warren buffett, charlie munger, and my dad. Trying to get rich fast is dangerous because we have to gamble on the shortterm price direction of some stock or other asset. A compilation of quotes from berkshire hathaways vice chairman on life, business. I have to skim them so rapidly that i no longer have the joy of reading. Charlie munger s wits and wisdom for all seasons from almanack to internet to blogs to youtube. There is nothing wrong with that but when listening to an audio book, having to hear the reference to charlie munger, such and such, 1995 every two sentences really ruins the whole listening experience. Charlie munger pdf summary tren griffin 12min blog. Gates said, the book had a profound effect on the way i think about history and why. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Charlie mungers wits and wisdom for all seasons from almanack to internet to blogs to youtube. Charlie munger warns about american finance business insider.
Charlie munger says charlie mungers wits and wisdom for. To the best of my knowledge, the author, tren griffin, has never interviewed charlie munger. And too much of the new wealth has gone to people who either own a casino or are playing in a. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than others. When there are new books recommended by charlie munger i sit up and take notice. Popular recommended by charlie munger books goodreads. The billionaire duo share their reading advice and reading routine and methods. In fact, it appears that hagstroms understanding of models is different from that of munger. It had made me hate charlie munger s name this is a book of quotes rather than anything else. Heres a full list of every book warren buffett has recommended this. In 1962, munger established a new law firm together with four colleagues and, over the years, it became one of the nations leading business law firms.
Feb 08, 2017 a book recommended by bill gates and charlie munger. A lesson on elementary, worldly wisdom by charlie munger. Over the years charlie munger has recommended a list of books that we have compiled, that we believe will bring great value to your life. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. Combine his wisdom with griffins ability to synthesize thoughts and this book is truly a work of wisdom. Billionaires 2005 almanack of sage advice finds an. In this summary of poor charlie s almanack, ive extracted the most important points. The book a collection of speeches and wisdom from billionaire berkshire hathaway vice chairman charlie munger is a favorite among investors and entrepreneurs across the world. Poor charlie s almanack is a collection of speeches and talks by charlie munger, compiled by peter d. Charlie munger top 5 book recommendations investor.
Let me shift gears a little bit, charlie, and ask you about. Apr 18, 2019 however, its an interesting read, especially for someone new to the financial or business world. Books recommended by charlie munger the ceo library. After having read both books, poor charlie s almanack and seeking wisdom, i highly recommend starting with seeking wisdom. 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. However, its an interesting read, especially for someone new to the financial or business world. That recommendation was my most important takeaway from the 4hour affair.
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. This book mainly tries to describe charlie munger s mental models. Warren buffetts righthand man gave a dark warning about american finance. Jun 04, 2017 the munger book something of the mungers, 16391914, including some who mistakenly write the name monger and mungor by jeremiah b. Charlie munger the complete investor columbia business. Poor charlies almanack by charlie munger book summary and. Behind the scenes with berkshire billionaire charlie munger charlie munger is one of the greatest thinkers of our time. The great charm of charlie munger is his simple, no frills approach.
You can improve your own life by eliminating your miscognitions. The best charles munger books of alltime updated for 2020. A book of practical counsel revised edition recommended books on charlie munger poor charlies almanack expanded second edition. Reading is a big part of life and majority of successful people apply it. The psychology of human misjudgment by charlie munger. And, it has been written and compiled with both charlie munger and warren buffetts encouragement and cooperation. Buy charlie munger the complete investor columbia business school publishing book online at best prices in india on. If you want to learn more about charlie munger, his approach to learning, decision making, mental models, investing and more, the best read is charlies almanack, a book edited by peter kaufman and with a foreword by warren buffett. For the first time ever, the wit and wisdom of charlie munger is available in a single volume. Munger, expanded third edition will pick up about 30 or so of these models. The author has taken the various quotes of munger and other investors and tried to explain it in his own words, sometimes poorly. Books about charlie munger worth reading each year at the berkshire hathaway annual meeting, a reading list is compiled of warren and charlie s favorite books.
In multiple speeches, and in the book poor charlie s almanack. This speech was originally delivered by charlie munger to an audience at harvard university in 1995. I am very interested in the subject of human misjudgment, and lord knows ive created a good bit of it. Charlie munger is one of the greatest thinkers of our time. Tao of charlie munger book by david clark official. Munger by peter kaufman this is the first book you should read if you want to learn more about a latticework of mental models and elementary world wisdom. Twenty years later, ed thorps autobiography, a man for all markets, was the only book charlie munger recommended at the 2017 meeting of the daily journal corporation. All information about the platform can be found via the first link in the description, and within that link you can book a free call with me to answer any questions you. 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. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. Words of wisdom from charlie mungerwarren buffetts longtime business partner and the visionary vice chairman of berkshire hathawaycollected and interpreted with an eye towards investing by david clark, coauthor of the bestselling buffettology series. Charlie munger, berkshire hathaways visionary vice chairman and warren. Help us improve our author pages by updating your bibliography and submitting a new or current image and biography. 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.
This speech was originally given by charlie munger at usc business school in 1994. May 15, 2018 lu, who has known munger for over a decade and wrote an introduction to munger s book, poor charlie s almanack, said the billionaire would carry around a book or a newspaper just in case he. Charlie munger is one of the richest businessmen in the world, along with being a business partner of warren buffett and vice chairman of berkshire hathaway. The fates of human societies a book recommended by bill gates and charlie munger. 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. Newspapers, autobiographies, authors, time management. The books are sold at the conference by the local bookseller the bookwarm. Theres a lot of new capacity in reinsurance and theres a lot of very heavy competition. Poor charlies almanack by charlie munger book summary. Jan 25, 2018 interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed.
A matter of degrees, a universe from nothing, andrew carnegie, benjamin franklin etc. Housed inside youll find anything and everything you want or need to know about charlie munger and his approach to life and investment. I got the chance to read an early copy of tren griffins excellent new book on munger, charlie munger. Aug 07, 2018 the two best books ive found on charlie munger and mental models are both published by intermountain books.
Charlie munger on getting rich, wisdom, focus, fake knowledge. A compilation of quotes from berkshire hathaways vice chairman on life, business, and the pursuit of wealth, charlie munger will be seen as the proverbial enigma wrapped in a paradoxhe is both a mystery and a contradiction at the same time. There are a huge number of people trying to do the same thing, many of whom are much better informed than we are. Its shorter without lacking depth nor scope, but gives a great introduction into munger s and buffets way of thinking. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his. Behind the scenes with berkshire hathaway billionaire. Charlie munger munger is one of the best investors of our time you can see more on munger s resource page. Book awards book club selections books by author books by series coming soon kids books new releases teens books this months biggest new releases. This is the story of how these two men separated in age by forty years discovered the existence of the electromagnetic field and devised a radically new. First published in 2005 isbn 1578643031, it was released in an expanded edition isbn 1578645018 three years later. A book recommended by bill gates and charlie munger. Griffin didnt come up with any new or even original content, the book is made up. A compilation of quotes from berkshire hathaways vice chairman on life, business, and the pursuit of wealth with commentary by david clark clark, david on.
Published 1915 by bullbrier press in ithaca, new york. Charlie munger says living by this rule is key to his success. A book of practical counsel revised edition recommended books on charlie munger poor charlie s almanack expanded second edition. If you want to learn more about charlie munger, his approach to learning, decision making, mental models, investing and more, the best read is charlie s almanack, a book edited by peter kaufman and with a foreword by warren buffett. A lot of people from finance have come over into reinsurance and all the old competitors remain, too. Oct 15, 2015 how munger sees the weeds in the river yet also the wonderful fish swimming there. Heres a list of every book warren buffett has recommended this. A conversation with charlie munger dubridge distinguished visitor lecture 2008 in 2008, charlie munger spoke at caltech, offering some of his most incisive, cutting, and original thoughts. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. This book is both monsterous and a complete pleasure to read. Charlie mungers recommended books on topics including investing, science, evolution, behavioral finance, poor charlies almanack, god.
Charlie s ethical standards should be beamed by satellite to all global financial centers to prevent future. The proceeds from the sales are donated to the munger research center of the huntington library. Because, after all, learning from the success and failure of others is the fastest way to get smarter and wiser without a lot of pain. 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. And tren griffins book, charlie munger summary, is all about him. A compilation of quotes from berkshire hathaways vice chairman on life, business, and the pursuit of wealth.
Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Latticework adds a few additional models, but this is not the real value of this book. In all his talks, he shows wit, rationality, and incredible clarity of thought. Griffin demonstrates how munger sees possible where others see the opposite. Berkshire hathaways charlie munger uses this productivity tip. This book mainly tries to describe charlie mungers mental models. Aug 07, 2018 when there are new books recommended by charlie munger i sit up and take notice. Charlie munger is an american investor, businessman, former real estate attorney, and philanthropist.