After that initial meeting, buffett and munger kept in touch through frequent telephone calls and lengthy letters, according to mungers book poor charlies almanack. In multiple speeches, and in the book poor charlies almanack. Other readers will always be interested in your opinion of the books youve read. Last updated on january 27, 2020 my free marketing newsletter a few months ago, i was drinking a noahs mill whiskey cute with my good buddy brian balfour and talking about life. Poor charlies almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Munger, along with buffett, is one of the main inspirations behind the book 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. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. Munger is known to read quite a lot of books on varying topics. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. 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 brief history of charlie munger and the daily journal.
At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. The holiday season is a good time to revisit books that have been read during the past. This is the first book you should read if you want to learn more about a latticework of mental models and elementary world wisdom. In addition, transcripts of the 3 talks in on success are widely available on the internet from those who attended the speech. If charlie munger didnt quit when he was divorced, broke. One of silicon valleys top angel investors shares 8 books. Charlie and i never have an opinion about the market watch now. We have to deal in things that we are capable of understanding. Charlie munger explains why he called a popular earnings.
As usual, his wisdom is notorious as he mentions how he applies multidisciplinarity, opportunity costs and several other factors to reach a discount rate. Reading list, berkshire hathaway annual shareholder letter, 2012. Tim ferrisss 4hour workweek and lifestyle design blog. Youd be amazed at how much warren readsand at how much i read. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. Charlie munger quickly identify mistakes and take action. Heres a list of every book warren buffett has recommended this. What temperature reveals about the past and future of our species, planet, and universe book recommended by charlie munger. 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.
Run, dont walk, to buy charlie mungers favorite stock. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. I think were warren buffett and charlie munger pretty good at that. Munger, warren buffetts righthand man and a genius in his own right. 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. Charlie munger quotes on wall street and investment you dont have to be brilliant, only a little it wiser than the other guys, on average, for a long time. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Charlie munger explains why he called a popular earnings measure horror squared. That quote kickstarted my own reading habits and helps me regularly read over 100 books a year. Munger was a lawyer in california, but his father, alfred, had died and munger had to return to. Book recommendations from charlie munger business insider when warren buffett started his investing career, he would read 600, 750, or 1,000 pages a day. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo, has recommended a handful of books in several of his annual shareholder letters this past decade. 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. Reading is a big part of life and majority of successful people apply it.
Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. When there are new books recommended by charlie munger i sit up and take notice. Charlie mungers 30 best zingers of all time wisdom condensed. The two best books ive found on charlie munger and mental models are both published by intermountain books poor charlies almanack. Whether youve loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. I read through the past 10 years of berkshire hathaway annual reports. The information on this site is in no way guaranteed.
Charlie munger reveals secrets to getting rich youtube. Munger has never stated how many books he has read. This article mentions twenty books charlie munger has read and recommended over the years. Both warren buffett and his business partner charlie munger often talk about how. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the time none, zero.
Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed. Dow clings to gains as investors weigh downside risk of. Reading about business is vital charlie has said many times, but there is no substitute for wading in and actually. Surprisingly few have been written about his business partner of over 40 years, charlie munger. How many different things has wesco done since blue chip stamps. As recently as the second quarter of 2012, berkshire hathaway. Warren buffett remembers first meeting charlie munger. Charlie munger it is really useful to be reminded of your errors. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Nineteen more book recommendations from charlie munger. 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. 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.
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 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. Book recommended by charlie munger 2003 wesco annual meeting a matter of degrees. 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. Hes also one of the smartest people on the planet his lecture on the psychology of human misjudgment is the best 45 minutes you might spend this year. Charlie mungers 30 best zingers of all time the motley fool.
Heres a list of every book warren buffett has recommended. As the notes of the 2015 daily journal annual meeting are released, we encounter some of charlie munger trades, portfolios answers to questions regarding valuation. You need patience, discipline, and an agility to take losses and adversity without going crazy. Books recommended by charlie munger 51 books goodreads. Charlie munger on circle of competence the second essential filter december 22, 2012. Charlie mungers thoughts on just about everything the motley fool. How many books has charlie munger read in his entire lifetime. We do kind of mentally rub our own noses in our own mistakes. The difference between a good business and a bad business mistakes charlie munger learned about business in the best way possible. One of silicon valleys top angel investors shares 8 books that changed his life. Stock investor makes selfdirected investing easy with investment recommendations from our investing experts. Warren buffett gives back most gains on byd forbes. Buffetts partner charlie munger says the key to wisdom is a habit anyone can form.
Munger, along with buffett, is one of the main inspirations behind the book. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. Charlie munger top 5 book recommendations investor. He has helped shareholders of berkshire hathaway amass untold. Brkb shareholder meeting, vice chairman charlie munger railed against executive. 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 mungers recommended reading list market folly. A brief history of charlie munger and the daily journal, stocks. Countless books and articles have been written about warren buffett. Top articles and videos about charliemunger on pocket. Anyone who recognizes the truth in charlie mungers statement is. Charlie munger quotes on wall street and investment.
By the way, i tend not to read selfhelp investment books. Even now, he still spends about 80% of his day reading. Looking to get a head start on your 2020 reading list. If you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Charlie munger munger is one of the best investors of our time you can see more on munger s resource page.
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