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. The book is one of the primary business texts in north america. Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. In california, the mungers haunt jerry brown thanks to will for passing this along. To help you get into the mind of the billionaire investor, weve rounded up 21 of his book recommendations. Charlie munger s top 10 rules for success evan carmichael. Human nature always has incentives to rationalize and misbehave. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Munger also said some of trumps ideas could turn out to be constructive and that the president is not wrong on everything, the report said. Charlie munger, vice chairman of berkshire hathaway, is often overshadowed by his colleague warren buffett. Fareed zakaria recommends a book each week on his show, global public square.
Content to being the lesser known of the two, munger is no less impressive. Jun 03, 2014 20 book recommendations from billionaire charlie munger that will make you smarter the joy of mixology the history of the manhattan rory sutherland this thing for which we have no name. Shrinking cities in presidential debates leave a comment cancel reply. Warren buffett still spends about 80 per cent of his day reading. A dozen ways you can use seth klarmans margin of safety approach when voting september 24, 2016. Kennedy ultimately won, from the primaries to the general election. Risk all investment evaluations should begin by measuring risk, especially reputational. In my previous article, i wrote about my process of exploring the answers to three of the bigpicture questions regarding facebook inc.
Over the years mungers compiled a list of book recommendations that has served me well. 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. I spent some time trying to find it when i first read this years ago, but was unable to. A list of fareeds gps book recommendations bookadvice. Charlies most basic guiding principles, his fundamental philosophy of life. The great charm of charlie munger is his simple, no frills approach. 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. Its a presidential election year and each candidate has his own plans to reignite the american. Aug 07, 2018 when there are new books recommended by charlie munger i sit up and take notice. With european political worries driving the financial market on monday, financial stocks including bank of america corp nyse. Live from omaha, its warren and charlie power line. Warren buffett and charlie munger discuss the best books theyve read in the past year.
Warren edward buffett is an american business magnate, investor, and philanthropist, who is. The psychology of human misjudgment 2005 pdf hacker news. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Charlie munger is the billionaire business partner of warren buffett and the vice. Nineteen more book recommendations from charlie munger. Hes charlie munger and here are his top 10 rules for success. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom.
I dont think i think its rare that there is a dream candidate in politics. Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed. Charlie munger quotes curated by ian whitaker home facebook. Poor charlie s almanack, edited by peter kaufman originally published in 2005. As vice chairman of famed holding company berkshire hathaway, charlie munger is warren buffetts righthand man. He said that he drinks the product in moderation and really enjoys it. He was inspired by a book he borrowed from the omaha public library at the age. 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. Feb 08, 2017 39 book recommendations from billionaire charlie munger that will make you smarter. Poor charlies almanack by charlie munger book summary and.
A dozen things charlie munger has said about reading 25iq. Charlie mungers investing principles checklist gurufocus. Aug 20, 2014 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. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. However, much of the investment philosophy employed by buffett and berkshire can be. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page.
Aug 14, 2015 charlie munger s top 10 rules for success evan carmichael. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. My book of the week is the china mission by daniel kurtzphelan. Justin amash weighs presidential bid, but needs third. After receiving a high score on the army general classification test, he was ordered to study. Joe kosters summary of charlie munger s investing principles checklist, according to poor charlie s almanack. Reading is a big part of life and majority of successful people apply it. Books recommended by charlie munger 51 books goodreads. 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. Why there will never be another warren buffett forbes. Charlie mungers thoughts on investing, politics, and life. Charlie mungers 30 best zingers of all time the motley fool. Munger says wells fargo ceo ought to be in san francisco. How many books has charlie munger read in his entire lifetime.
From the author of the bestselling warren buffett speaks. Feb 16, 2017 munger also said some of trumps ideas could turn out to be constructive and that the president is not wrong on everything, the report said. Damn right is an extremely good book about 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. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Munger is also chairman of publisher newspaper publisher daily journal corp. Heres a list of every book warren buffett has recommended this. Charlie s most basic guiding principles, his fundamental philosophy of life. If there was a businessman hall of fame, singleton would be on the first ballot. Its stupid when there are so few, and limited, alternatives if we are to have a prosperous civilization, we must use the sun. Youd be amazed at how much warren buffet readsand how much i read. Munger one hapless soul asked charlie munger, berkshires vice chairman what he. This time period covered 24 presidential elections both democrats and republicans. Statistician nate silver correctly predicted the outcome of every state in the 2012 presidential election.
Use features like bookmarks, note taking and highlighting while reading damn right. See more ideas about charlie munger, investment quotes and motivational quotes. Charlie mungers 30 best zingers of all time wisdom condensed. Charlie munger top 5 book recommendations investor. The book also quotes charlie munger, legendary investor warren buffets righthandman at berkshire hathaway, in a 2017 investor meeting where he reportedly cited gore as an example of someones that not very smart and an idiot, but managed to get wealthy anyway. And warren and charlie are living proof that this is true. 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. A dozen things charlie munger has said about reading july 26, 2015. At 800 or so pages this is the perfect book for a weeklong vacation. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. Justin amash said he is weighing a 2020 presidential bid, but if the republicanturnedindependent has any hope of getting on the ballot in most or all 50 states, he will need a. Mellow charlie munger says trump not wrong on everything.
In multiple speeches, and in the book poor charlie s almanack. Youd be amazed at how much warren reads at how much i read. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. The data revealed that there is about a 75% probability that the stock market will close higher on a presidential election year. The book includes biographical information about munger as well as summaries of his philosophy on investing and talks munger gave. 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. Jobless rate at 2012 presidential vote forecast at 7. 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. Charlie munger s advice on investing and life choices that make.
When warren buffett started his investing career, he would read 600, 750, or 1,000 pages of a book a day even now, he says he still spends about 80% of his day reading. 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. Charlie munger s recommended books on topics including investing, science, evolution, behavioral finance, poor charlie s almanack, god. In may 2012, buffetts acquisition of media general, consisting of 63. The 10 biggest republican superdonors from silicon valley. Nov 16, 2012 what i wrote above is the first post in a series about methods used by charlie munger to do things such as invest capital. Fox business network fbn senior correspondent charlie gasparino reports that securities and exchange commission sec chair mary schapiro is telling wall street executives she is likely to leave her post and that its a matter of timing and the timing is the matter of who wins the election. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to. Munger has never stated how many books he has read. Jan 21, 2012 in my whole life, i have known no wise people who didnt read all the time none, zero. Munger is known to read quite a lot of books on varying topics. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. Book suggestion from outstanding entrepreneurs, great politicians, people you admire. This series of posts is not about topics like whether he likes to fish, his unusual personality or his political views.
It instantly shot him to fame in a field most people associate. Would you feel comfortable if she were to be elected president next year. If youre looking for a book to read, this list of books recommended by munger is a great. 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. May 24, 2018 the letter from charlie saying this is by way of thanks, warren and i have read your books, weve made hundreds of millions of dollars. Phil fisher had a significant influence on charlie mungers decision to invest in stocks based on a bargain relative to the quality of the business. Charlie munger says living by this rule is key to his success. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the time none, zero. Now ill share my notes from a fabulous documentary regarding the social media giant, which helped me tremendously in terms of seeking answers to three other bigpicture questions enlisted from my article on the four levels of. I think it is stupid to use up the hydrocarbons of the world so quickly.
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. 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 think foreign policy has become partisan today, but this superb book reminds us that the debate over who lost china, as it went communist in 1949, was ferocious, even engulfing the most admired man in america at the time, general george marshall. Sec chairperson, mary schapiro is likely to leave due to. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer.
Behind the scenes with berkshire hathaway billionaire charlie munger kindle. A page to learn, share and celebrate the wisdom of charlie munger, leading value investor and berkshire hathaway partner. In section 17, stressinfluence tendency p2122, he mentions some final work by pavlov, but doesnt provide a citation. I collected some djia data going back to the 1921 election going forward to todays date 2020. 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. Favobooks contains book recommendations of famous people. Charlie munger piped in that whenever such accusations are made, one needs to look at the benefits as warren did in his analysis.
When there are new books recommended by charlie munger i sit up and take notice. Munger, of course, is the billionaire business partner of warren buffett and the vice. Robert cialdini you couldnt start with a better book than cialdinis influence charlie munger. Looking to get a head start on your 2020 reading list. If charlie munger didnt quit when he was divorced, broke. Below are a list of 20 books recommended by munger and four books about charlie munger. 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. Click here and here to see warren buffetts and charlie munger s book recommendations over the years. Negotiating agreement without giving in by roger fisher, faraday.
Jan 25, 2018 interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Further information on warren buffetts time at berkshire hathaway. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the timenone. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. Founded in 1993 by brothers tom and david gardner, the motley fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium. The driving concerns of american presidential politics ebb and flow, reflected in the language spoken at presidential debates. Their father, 88yearold charlie munger, has been vice chairman of warren buffetts berkshire hathaway for more than 30 years. Brkb shareholder meeting, vice chairman charlie munger railed against executive. In multiple speeches, and in the book poor charlie s almanack, munger has introduced the concept of elementary, worldly wisdom as it relates to business and finance. The focus will be on the investment methodology of charlie munger.
1568 864 1159 884 759 152 398 1645 807 579 582 767 191 978 471 1304 1628 470 1086 1073 1309 1628 1578 809 45 190 1357 1108 735 71 297 888 1407 404 566 1265 892 1184 751 1269