A dozen ways you can use seth klarmans margin of safety approach when voting september 24, 2016. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. 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. Aug 14, 2015 charlie munger s top 10 rules for success evan carmichael. The book is one of the primary business texts in north america. 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. Sec chairperson, mary schapiro is likely to leave due to. Further information on warren buffetts time at berkshire hathaway. Negotiating agreement without giving in by roger fisher, faraday. I collected some djia data going back to the 1921 election going forward to todays date 2020. The book includes biographical information about munger as well as summaries of his philosophy on investing and talks munger gave. Youd be amazed at how much warren buffet readsand how much i read.
Charlie munger says living by this rule is key to his success. Jan 25, 2018 interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. If there was a businessman hall of fame, singleton would be on the first ballot. 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.
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. 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. At 800 or so pages this is the perfect book for a weeklong vacation. 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. 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. Live from omaha, its warren and charlie power line. The data revealed that there is about a 75% probability that the stock market will close higher on a presidential election year. Munger, of course, is the billionaire business partner of warren buffett and the vice.
Charlie mungers thoughts on investing, politics, and life. Looking to get a head start on your 2020 reading list. With european political worries driving the financial market on monday, financial stocks including bank of america corp nyse. Hes charlie munger and here are his top 10 rules for success. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. To help you get into the mind of the billionaire investor, weve rounded up 21 of his book recommendations. Charlie munger top 5 book recommendations investor. 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. How many books has charlie munger read in his entire lifetime. 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. 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. Interested on what type of books the vice chairman of berkshire hathaway, charlie munger reads. Here are 19 others charlie munger has recommended via farnam street with a bit about them from. Charlie munger s recommended books on topics including investing, science, evolution, behavioral finance, poor charlie s almanack, god.
As vice chairman of famed holding company berkshire hathaway, charlie munger is warren buffetts righthand man. In may 2012, buffetts acquisition of media general, consisting of 63. Munger has never stated how many books he has read. Charlie munger s top 10 rules for success evan carmichael. A page to learn, share and celebrate the wisdom of charlie munger, leading value investor and berkshire hathaway partner. Heres a list of every book warren buffett has recommended this. 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.
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. It instantly shot him to fame in a field most people associate. Fareed zakaria recommends a book each week on his show, global public square. The great charm of charlie munger is his simple, no frills approach. 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. Charlies most basic guiding principles, his fundamental philosophy of life. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. Would you feel comfortable if she were to be elected president next year. 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. Justin amash weighs presidential bid, but needs third.
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. 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. Shrinking cities in presidential debates leave a comment cancel reply. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. Book suggestion from outstanding entrepreneurs, great politicians, people you admire. However, much of the investment philosophy employed by buffett and berkshire can be. Charlie munger is the billionaire business partner of warren buffett and the vice. 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. Statistician nate silver correctly predicted the outcome of every state in the 2012 presidential election. Poor charlie s almanack, edited by peter kaufman originally published in 2005. Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. Feb 08, 2017 39 book recommendations from billionaire charlie munger that will make you smarter. Charlie munger piped in that whenever such accusations are made, one needs to look at the benefits as warren did in his analysis. In his 2012 letter, buffett gave a shoutout to carol loomis, a former editoratlarge at.
Aug 07, 2018 when there are new books recommended by charlie munger i sit up and take notice. A list of fareeds gps book recommendations bookadvice. Its stupid when there are so few, and limited, alternatives if we are to have a prosperous civilization, we must use the sun. Munger is also chairman of publisher newspaper publisher daily journal corp. This time period covered 24 presidential elections both democrats and republicans. Nineteen more book recommendations from charlie munger. In multiple speeches, and in the book poor charlie s almanack. Youd be amazed at how much warren reads at how much i read.
The 10 biggest republican superdonors from silicon valley. Warren buffett still spends about 80 per cent of his day reading. Joe kosters summary of charlie mungers investing principles checklist, according to poor charlies almanack. Joe kosters summary of charlie munger s investing principles checklist, according to poor charlie s almanack. 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. 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. Use features like bookmarks, note taking and highlighting while reading damn right. See more ideas about charlie munger, investment quotes and motivational quotes. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the timenone. In california, the mungers haunt jerry brown thanks to will for passing this along. Warren buffett and charlie munger discuss the best books theyve read in the past year. 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.
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. 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. Risk all investment evaluations should begin by measuring risk, especially reputational. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. Munger is known to read quite a lot of books on varying topics. A dozen things charlie munger has said about reading 25iq. 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. Their father, 88yearold charlie munger, has been vice chairman of warren buffetts berkshire hathaway for more than 30 years. From the author of the bestselling warren buffett speaks.
Poor charlies almanack by charlie munger book summary and. Warren edward buffett is an american business magnate, investor, and philanthropist, who is. My book of the week is the china mission by daniel kurtzphelan. Favobooks contains book recommendations of famous people.
I spent some time trying to find it when i first read this years ago, but was unable to. Over the years mungers compiled a list of book recommendations that has served me well. Charlie mungers 30 best zingers of all time the motley fool. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. In my previous article, i wrote about my process of exploring the answers to three of the bigpicture questions regarding facebook inc.
If charlie munger didnt quit when he was divorced, broke. I think it is stupid to use up the hydrocarbons of the world so quickly. Charlie mungers investing principles checklist gurufocus. Ive tried to keep track of and read every recommendation he has made and ive yet to be disappointed. 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. Jobless rate at 2012 presidential vote forecast at 7. 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. Charlie s most basic guiding principles, his fundamental philosophy of life. Charlie mungers 30 best zingers of all time wisdom condensed.
Mellow charlie munger says trump not wrong on everything. The driving concerns of american presidential politics ebb and flow, reflected in the language spoken at presidential debates. The psychology of human misjudgment 2005 pdf hacker news. Munger says wells fargo ceo ought to be in san francisco. Kennedy ultimately won, from the primaries to the general election. 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. After receiving a high score on the army general classification test, he was ordered to study. 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. 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.
Munger one hapless soul asked charlie munger, berkshires vice chairman what he. If youre looking for a book to read, this list of books recommended by munger is a great. Its a presidential election year and each candidate has his own plans to reignite the american. Books recommended by charlie munger 51 books goodreads. And warren and charlie are living proof that this is true.
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. Jan 21, 2012 in my whole life, i have known no wise people who didnt read all the time none, zero. A dozen things charlie munger has said about reading july 26, 2015. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to.
Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the time none, zero. Click here and here to see warren buffetts and charlie munger s book recommendations over the years. I dont think i think its rare that there is a dream candidate in politics. 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. Below are a list of 20 books recommended by munger and four books about charlie munger. The focus will be on the investment methodology of charlie munger. Charlie munger s advice on investing and life choices that make. Reading is a big part of life and majority of successful people apply it. In section 17, stressinfluence tendency p2122, he mentions some final work by pavlov, but doesnt provide a citation. Content to being the lesser known of the two, munger is no less impressive. This series of posts is not about topics like whether he likes to fish, his unusual personality or his political views.
Why there will never be another warren buffett forbes. Charlie munger quotes curated by ian whitaker home facebook. Brkb shareholder meeting, vice chairman charlie munger railed against executive. Robert cialdini you couldnt start with a better book than cialdinis influence charlie munger. 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.
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