Charlie Munger: The Complete Investor (Columbia Business School Publishing)

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Influence: The Psychology of Persuasion is a classic in the fields of psychology, marketing and sales. In the book, Cialdini covers six fundamental persuasion principles, explaining each and providing examples to demonstrate them in action. He also offers solutions for resisting attempts by others to use them on you. The Wealth and Poverty of Nations

Barbarians at the Gate: The Fall of RJR Nabisco (1989). Munger allegedly recommended this book at Berkshire’s 1992 annual meeting.

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Charlie's greatest advice is to learn from others, an insight shared by Isaac Newton who is said to have stood on the shoulders of giants so that he might see further. The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike (2012). This recommendation is unverified, though the following quote is widely attributed to Munger: “A book that details the extraordinary success of CEOs who took a radically different approach to corporate management.” Charlie Munger quit the money management business during 1978 and moved to join forces with Buffett full-time, by becoming Berkshire Hathaway Inc.’s vice chairman. Charlie Munger: Investment Philosophy

Charlie Munger: An Intellectual Who Found Success in Investing - GuruFocus.com". www.gurufocus.com . Retrieved 2019-02-16. In the places like The The Dow Chemical Company ( NYSE:DOW ) Company ( NYSE:DOW ) with complex chemical process, with 1000 PhDs, it is still hard to not be commoditized. Posco was able to do so.” — Charlie Munger Daily Journal 2015 Meeting [FULL NOTES]At the annual Berkshire Hathaway and Sico International Shareholders’ Meetings, Munger recommends some books, covering a wide range of fields. Kaufman concluded that Munger “extremely mastered each It is a different discipline, so it can take into account many factors that ordinary people would not consider when investing.” If you want to get a glimpse of the business logic of this investment genius, you might as well look for the answer in the book. Munger spends most of his days reading, learning and thinking, rather than doing – he doesn’t make a lot of investments. He attributes a great deal of his success to reading and said that: Another thing to cope with is that life is very likely to provide terrible blows, unfair blows. Some people recover, and others don’t. And there I think the attitude of Epictetus helps guide one to the right reaction. He thought that every mischance in life, however bad, created and opportunity to behave well. He believed every mischance provided an opportunity to learn something useful. And ones duty was not to become immersed in self-pity, but to utilize each terrible blow in a constructive fashion.” 437

The mapping of the human genome’s 23 chromosome pairs was arguably the most significant scientific breakthrough of the 20th century. In Genome, Matt Ridley spends a chapter on each chromosome pair, telling its story and discussing the history of our species. The Warren Buffett Portfolio This “latticework” provides the foundation on which the wisdom you gain from reading can sit, and allows you to draw knowledge from multiple fields to better understand the world. Robert Wright’s book explores how three eccentric scientists — computer scientist Edward Fredkin, sociobiologist Edward Wilson and economist Kenneth Boulding — attempt to make sense of life’s meaning through theories that toe the line between science and metaphysics. Only the Paranoid Survive Like Buffett, Munger is a reading enthusiast, once saying, “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero.”

In late 18th-Century Britain, several prominent thinkers met for dinner and drinks every Friday night at a tavern in London. While there, they aired their opinions and discussed the times. This group became known as “The Club,” and Damrosch’s book of the same name dives into how their conversations shaped the era. Other Recommendations He contributed for the renovation of Green Library after wide-ranging harm by the Loma Prieta Earthquake.

I am not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I have reached that state.” Let me use a little inversion now. What will really fail in life? What do we want to avoid? Some answers are easy. For example, sloth and unreliability will fail.” 429 The Need for More Multidisciplinary Skills from Professionals: Educational Implications Harvard Law School Class of 1948, April 24, 1998

Books recommended by Charlie Munger:

In the late 1990’s/early 2000’s Charlie Munger’s quality over value slant started to really shine through in both his and Warren’s writings. For example, in Charlie’s speech “ A Lesson on Elementary, Worldly Wisdom As It Relates to Investment Management & Business.” given in 1995 he stated that: This book is a collection of Munger's and Buffet's quotes (probably even citing Buffet more often than Munger), which the author uses to explain their life philosophy and the principles of value investing. In my whole life, I have known no wise people (over a broad subject matter area) who did not read all the time – none, zero.” I really enjoyed all of the content. There is some history, some content around Charlie's decision-making framework, a bunch of random "Mungerisms" (Charlie quotes), and transcripts of eleven talks he's given to different audiences, reproduced with a brief, updated reflection after each. Charlie is erudite; self-taught across many disciplines and able to synthesize insights across disciplines, time and history. It's not a book about investing or finance, it's more about ethics, morality, human psychology, general business, sound judgement, and history.