Charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his. Charlie munger is truly the broadest thinker i have ever encountered. Munger is often quoted for his insight regarding investing and business, but his downtoearth, nononsense attitude often lends advice that goes beyond the board room. The complete investor, tren griffin summarises mr munger sapproach as follows. In mr munger s view, it is better to be worldly wise than to spend lots of time working. 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. In the squawk box interview, buffett shared the wit and wisdom from. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his emotions out. Munger, is modeled after benjamin franklins poor richards almanack, a popular collection of calendars, weatherrelated and astrological. Charlie mungers 30 best zingers of all time the motley fool. Charlie munger said it is critical for a person who desires to be wise to think broadly and learn from others.
Charlie munger 2015 is your guide to understanding the strategies and principles that for years have guided warren buffetts financial partner, charlie munger, considered one of the worlds most successful investors. Dont discuss the will with your kids if you are going to treat the kids unequally. A dozen ways charlie munger thinks like philip tetlock suggests in his new book superforecasting a dozen things ive learned from charlie munger distilled to less than 500 words charlie munger on the importance of worldly wisdom and consistently not being stupid. Charlie munger, berkshire hathaways visionary vice chairman and wa. This is how the rich think two attendees dress as warren buffett, chief executive officer of berkshire hathaway, right, and charlie munger, vice.
Charlie munger i always like it when someone attractive to me agrees with me, so i have fond memories of phil fisher. Sep 15, 2015 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. You might be surprised to find that charlie can help you succeed at a lot of things in life. Charlie munger in may 20 on why he doesnt practice short selling. Combine his wisdom with griffin s ability to synthesize thoughts and this book is truly a work of wisdom. While this book is titled as if it were a biography, its more of a summary of munger s investing philosophy. Munger s life is about facing reality, from personal relationships to lofty financial transactions. The complete investor charlie munger by tren griffin. 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. In all his talks, he shows wit, rationality, and incredible clarity of thought. A dozen things charlie munger has said about reading 25iq. Charlie munger reveals secrets to getting rich youtube.
Has charlie munger by tren griffin been sitting on your reading list. 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. Munger has never stated how many books he has read. Charles thomas munger born january 1, 1924 is an american investor, businessman, former real estate attorney, and philanthropist. Sep 15, 2015 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. Charlie mungers 10 rules for investment success the motley. Particularly interesting to me was how the concept of margin of. Below are a list of 20 books recommended by munger and four books about charlie munger. His notion of elementary, worldly wisdoma set of interdisciplinary mental models involving economics, business, psychology, ethics, and managementallows him to keep his emotions. The book is called charlie munger, however, 70%, if not more of the content is about warren and charlie warren first, charlie second. Charlie munger, vice chairman of berkshire hathaway, is often overshadowed by his colleague warren buffett. Sep 03, 2015 a dozen things i learned from tren griffin about investing, life and charlie munger brent beshore contributor opinions expressed by forbes contributors are their own. The great charm of charlie munger is his simple, no frills approach.
Pick up the key ideas in the book with this quick summary. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Munger is incredibly brilliant, but the analytical rigor of his investment decisions is based around simplicity, not complexity. Charlie munger is one of the greatest thinkers of our time. Books by tren a dozen lessons for entrepreneurs 2017 charlie munger.
Follow this, and youll save yourself a lot of misery. This is okay since the two tycoons have extremely tight working relationship and it is hard to separate them unless the sole purpose is to distinguish the two. How many books has charlie munger read in his entire. Charlie munger i have always imagined that paradise will be a kind of library. He uses lots and lots of quotes to illustrate his points at first theyre interesting and useful but, after a while, theyre much less so. While we all use mental models to think, mungers idea is to actively go and learn the big timetested ideas men. To fix that, below is a link to the checklist ive been using for many years now. Mungers life is about facing reality, from personal relationships to lofty financial transactions.
Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. Charlie munger pdf summary tren griffin 12min blog. Listen to charlie munger by tren griffin,fred stella for free with a 30 day free trial. The complete investor columbia business school publishing. The complete investor 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. The best way by far to know charlie is to read poor charlies almanack. Jul, 2012 if you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. When any guy offers you a chance to earn lots of money without risk, dont listen to the rest of his sentence. Charlie munger in may 20 on inheritances and leaving money to your kids. Charlie mungers best quotes of all time every investor. Tim ferrisss 4hour workweek and lifestyle design blog. Behind the scenes with berkshire billionaire charlie munger.
How munger sees the weeds in the river yet also the wonderful fish swimming there. Oct 15, 2015 griffin demonstrates how munger sees possible where others see the opposite. Download it once and read it on your kindle device, pc, phones or tablets. Signin to download and listen to this audiobook today.
Check out these famous charlie munger quotes to see why. 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. The mental models approach helps you understand reality. Some of you have asked if i would be willing to share my list of models. 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. The complete investor columbia business school publishing kindle edition by griffin, tren. Charlie munger top 5 book recommendations investor. These blinks introduce you to the graham value investing system that munger uses, explain the importance of patience. My partner charlie says there is only three ways a. Mungers system has steered his investments for forty years and has guided generations of successful investors.
Listed as one of charlie mungers favorite books on, history fans of both the stock genius and the creative printer of the 1800s will be intrigued by this pulitzer prizewinning 800page biography. Im happy to tell you that, in tren griffins charlie munger, that book has finally arrived. Charlie munger on getting rich, wisdom, focus, fake. However, much of the investment philosophy employed by buffett and berkshire can be.
This book presents the essential steps of mungers investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and. He is vice chairman of berkshire hathaway, the conglomerate controlled by warren buffett. Tren griffin, whose essays a dozen things ive learned from appear on his blog, has written a book about berkshire hathaways 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. Charlie munger with tren griffin the investors podcast. That quote kickstarted my own reading habits and helps me regularly read over 100 books a year charlie munger is the billionaire business partner of warren buffett and the vice chairman at. And when you understand things at a deeper level you make better decisions. The complete investor, tren griffin summarises mr mungersapproach as follows. In his book, tren griffin takes you through mungers thoughts on value investing. 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. Jan 25, 2018 interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads.
Munger served as chairman of wesco financial corporation from 1984 through 2011. Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. From darwin to munger by peter bevelin 2008 poor charlies almanack. Charlie munger by tren griffin, 9780231170994, available at book depository with free delivery worldwide. A dozen things i learned from tren griffin about investing. Allocate assets wisely proper allocation of capital is an. Charlie mungers best quotes of all time every investor must. The complete investor columbia business school publishing by griffin, tren isbn. 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. The complete investor ebook written by tren griffin.
Reading is a big part of life and majority of successful people apply it. This book summary offers a personal invitation to enter the talented mind of charlie munger, legendary investor and financial partner of warren buffett. Everyday low prices and free delivery on eligible orders. As the vicepresident of berkshire hathaway, munger has done quite well as an investor to put it mildly. Behind the scenes with berkshire billionaire charlie munger charlie munger is one of the greatest thinkers of our time.
From darwin to munger by peter bevelin 2008 poor charlie s almanack. Charlie munger the best way to get a good spouse is to deserve a good spouse. Munger has said many times that someone who is really smart but has devoted all of their time to being an expert in a narrow area may be dangerous to themselves and others. In the chronicles of american financial history, writes david clark in the tao of charlie munger. Use features like bookmarks, note taking and highlighting while reading charlie munger.
This made me realize that i had a site that talks about mental models but that doesnt actually list the models i use. Previously, he was a partner at eagle river, a private equity firm controlled by craig mccaw, with investments in the. Listen to charlie munger audiobook by tren griffin and fred stella. Download for offline reading, highlight, bookmark or take notes while you read charlie munger. Jun 12, 2019 charlie mungers best quotes of all time have 3 comments june, 2019 justin one of the best books i own is a collection of mungers speeches and articles in poor charlies almanack. This book presents the essential steps of munger s investing strategy. Feb 08, 2017 that quote kickstarted my own reading habits and helps me regularly read over 100 books a year charlie munger is the billionaire business partner of warren buffett and the vice chairman at. He has helped shareholders of berkshire hathaway amass untold fortunes. Apr 01, 2018 charlie munger is, arguably, the worlds best investor. 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.
Written by tren griffin, audiobook narrated by fred stella. Charlie mungers best quotes of all time have 3 comments june, 2019 justin one of the best books i own is a collection of mungers speeches and articles in poor charlies almanack. This book presents the essential steps of mungers investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. Munger is best known for being a close business partner to warren buffett but mungers presence and even popularity is far less than the oracle of omaha. In this episode, preston and stig talk to financial author tren griffin about his new book on billionaire charlie munger.
Charlie munger and donald trump agree in these 3 ways david clark is an investor, attorney and the coauthor of eight books on warren buffett. A dozen things i learned from tren griffin about investing, life and charlie munger brent beshore contributor opinions expressed by forbes contributors are their own. Poor charlies almanack by charlie munger book summary and. Despite berkshire hathaways large investments in big banks, charlie munger says the banks need more regulation and less risk on their trading books. 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. Join him in this amazing journey of sharing the wit and wisdom from the best investors the world has ever seen. And tren griffins book, charlie munger summary, is. Griffin demonstrates how munger sees possible where others see the opposite.
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