From the author of the bestselling warren buffett speaks. One of his most overlooked contributions is a very simple 10point list called the investing principles checklist, spelled out in his book poor charlies almanac. This article mentions twenty books charlie munger has read and recommended over the years. Below are a list of 20 books recommended by munger and four books about charlie munger. And it did it with an extreme meritocracy, and an extreme ethical dutyselfimposed to take all its cost advantages as fast as it could accumulate them and pass them on. Munger is an entertaining, gorgeous and worthwhile coffee table book for finance philosophers and biography aficionados alike. Warren buffett has a lengthy list of books for you to read. Damn right is an extremely good book about charlie munger.
Heres a list of every book warren buffett has recommended this. Warren buffetts reading list, from benjamin graham to football. Jan 01, 2005 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. Books recommended by charlie munger 51 books goodreads. Charlie mungers value investing principles checklist. Charlie munger i always like it when someone attractive to me agrees with me, so i have fond memories of phil fisher. Charlie munger and hes going to give us a few words today. Buffett partner charlie munger says bitcoin is total. Charlie munger and the 2014 daily journal annual meeting. Jan 01, 2012 wisdom of charlie munger part 1 jan 2012 free download as powerpoint presentation.
Business books 10 book recommendations from warren buffetts righthand man avid reader charlie munger shares his top picks. The bookstore at the 2010 berkshire hathaway advised that this book was charlie s recommendation. Warren buffetts top lieutenant, charlie munger, is a bitcoin skeptic. 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. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. Charlie munger i have always imagined that paradise will be a kind of library.
One of his most overlooked contributions is a very simple 10point list called the investing principles checklist, spelled out in his book poor charlie s almanac. Its stupid when there are so few, and limited, alternatives if we are to have a prosperous civilization, we must use the sun. If charlie munger didnt quit when he was divorced, broke. Charlie munger is warren buffetts partner and vicechairman at berkshire hathaway, the investment conglomerate. Reading about business is vital charlie has said many times, but there is no substitute for wading in and actually taking the plunge as a business manager or owner.
Bkrb vice chairman charlie munger may be 88 years old, but hes still as witty, wise, and irreverent as ever. Oct 26, 2016 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 of buffetts berkshire hathaway. However, much of the investment philosophy employed by. Charlie munger on how to become rich the motley fool. If youre looking for a great book to read, this list of books recommended by munger is a great place to start. It consists of 2 commencement speeches made by munger harvard 1986 and ucla law 2007 and his psychology of human misjudgment.
Buffett partner charlie munger says bitcoin is total insanity. Berkshire hathaway vice chairman charlie munger says its rare that there is a dream candidate in politics. I recently finished peter bevelins book, seeking wisdom. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. Munger was asked for his views on cryptocurrencies during a university of michigans ross school of business event. Heres a list of every book warren buffett has recommended. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. I think it is stupid to use up the hydrocarbons of the world so quickly. I first learned about this book a year or so ago id heard it recommended by a few successful people id met. 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. 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. The book includes biographical information about munger as well as summaries of his philosophy on investing, plus talks that munger. Munger has never stated how many books he has read. Molly munger a civil rights attorney and funder of a ballot initiative to raise.
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 chairman at. Charlie munger and donald trump agree on these 3 things stocks have rallied since trumps nov. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Charlie munger on management with talent and integrity the. A book recommended by bill gates and charlie munger. Amazingly charlie shares not only his opinions but his thought process and belief system. This is, of course, by choice since what the two men love most is investing. The book is short only 104 pages but packed with amazing insights.
Dec 24, 2012 delegate, but not everything with only a little over 20 people working at berkshire, buffett and munger must leave it to the managers to run the businesses in the portfolio since they dont have the staff to do otherwise. May 03, 20 berkshires number two man charlie munger talks to cnbc s becky quick about the economy, israel, the flash crash and why highfrequency trading is evil. Nineteen more book recommendations from charlie munger. Jan 17, 2018 the bookstore at the 2010 berkshire hathaway advised that this book was charlies recommendation. Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Kennedy ultimately won, from the primaries to the general election. Costco of course is a business that became the best in the world in its category. This book is something of a publishing miraclenever advertised, yet year after year selling many thousands of copies from its internet site. Charles thomas munger born january 1, 1924 is an american investor, businessman, former.
Nov 16, 2012 charlie munger learned about business in the best way possible. Charlie munger the best way to get a good spouse is to deserve a good spouse. Feb 08, 2017 a book recommended by bill gates and charlie munger. Behind the scenes with berkshire hathaway billionaire charlie munger by janet lowe. What are some of the books recommended by charlie munger at. Munger this book gives us the opportunity to learn how one of the greatest financial minds of our day views the world. Mellow charlie munger says trump not wrong on everything. He is also chairman of daily journal corp and director of costco wholesale corperation. They think im a book with a couple of legs sticking out.
Poor charlies almanack by charlie munger book summary and. Munger was asked for his views on cryptocurrencies during a university of michigans ross school of. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than others. Looking to get a head start on your 2020 reading list. The one book that i remember charlie recommending this past year was the quants. Jan 18, 2011 30 of charlie munger s best quotes, charlie munger, release date. Aug 06, 2012 from charlie munger at the 2011 berkshire hathaway meeting.
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. Ice age by john gribbin, faraday, maxwell, and the electromagnetic field. This book offers a treasure trove of financial wisdom in the form of speeches and essays. Its an excellent book, the best book ive ever read, by far, in my life. Human nature always has incentives to rationalize and misbehave. The book does not seem to be very wellknown in the investment community, but it should be, as the lessons from the bookprimarily what munger calls the multiple mental model approachmake it fairly clear why munger was able to convince buffett to switch from his cigarbutt style of investing to one. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at. Warren buffett and charlie munger discuss the best books theyve read in the past year. Books recommended by berkshire hathaways charlie munger.
I wrote recently about best buy, but best buy is the lowhanging fruit, the. Charlie mungers thoughts on investing, politics, and life. If there was a businessman hall of fame, singleton would be on the first ballot. How many books has charlie munger read in his entire lifetime. 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. How a new breed of math whizzes conquered wall street and nearly destroyed it. In multiple speeches, and in the book poor charlie s almanack.
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. Dec 22, 2017 warren buffetts top lieutenant, charlie munger, is a bitcoin skeptic. Munger, warren buffetts righthand man and a genius in his own right. Charlie munger recommended at the 2007 wesco annual meeting. Charlie munger, vice chairman of berkshire hathaway, is often overshadowed by his colleague warren buffett. Munger, along with buffett, is one of the main inspirations behind the book. In his capacity, munger has been a behindthescenes cothinker at berkshire and has influenced many a decision made by warren buffett. In all his talks, he shows wit, rationality, and incredible clarity of thought. For information on the authorized chinese translation, click here.