Charlie munger reveals secrets to getting rich youtube. Mar 19, 2017 charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. Munger especially recommends paying attention to socalled mistakes of. Tim ferrisss 4hour workweek and lifestyle design blog. The great charm of charlie munger is his simple, no frills approach. 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. Charlie mungers value investing principles checklist. Charles thomas munger born january 1, 1924 is an american investor, businessman, former. At 31 years old, charlie munger was divorced, broke, and burying his 9 year old son, who had died from cancer. Munger is an admirer of benjamin franklin, and the books title is a tribute to franklins poor richards almanack net proceeds from sales of the book go to the munger research center at the huntington library. When asked for a foolproof system of achieving financial security or saving for retirement, charlie responds.
When any guy offers you a chance to earn lots of money without risk, dont listen to the rest of his sentence. The supplemental draft is the oasis in the nfl s driest period of the year. I think that, every time you saw the word ebitda earnings, you should substitute the word bullshit earnings. Nov 09, 2010 hundreds of business and personal finance books land on my desk each year, and many head straight to the recycling bin. And charlie mungers investments have put a rocket under the daily journals book value growth. Follow this, and youll save yourself a lot of misery. 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. Run, dont walk, to buy charlie mungers favorite stock. Charlie munger and the 2014 daily journal annual meeting. Nov 12, 2015 charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. In multiple speeches, and in the book poor charlie s almanack. Charlie munger on management with talent and integrity the.
Its an excellent book, the best book ive ever read, by far, in my life. Poor charlie s almanack edited by peter kaufman this collection of advice from charlie munger, vice chairman of berkshire hathaway, got the ultimate shoutout in buffetts 2004 shareholder letter. We do kind of mentally rub our own noses in our own mistakes. Dont drop out of college, its not for every one march 7, 2017. Below are a list of 20 books recommended by munger and four books about charlie munger. This book brings together his investing thoughts beyond his famous statement i have nothing to add. Charlie munger, the longtime business partner of famed investor warren buffett, talks with the bbc in this interview from 2012. At a time before training camp and preseason games, and when players arent being signed in free agency, there. Charlie munger on circle of competence the second essential filter december 22, 2012. That makes munger one of the best and most successful stock pickers on the planet. Business books 10 book recommendations from warren buffetts righthand man avid reader charlie munger shares his top picks.
May 18, 2016 10 book recommendations from warren buffetts righthand man avid reader charlie munger shares his top picks. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo. Heres the journals book value per share from yearend 2008 to yearend 2014. The reason why this company has been attracting so much attention is because of its chairman, charlie munger trades, portfolio, who is also the vicechairman of berkshire hathaway inc. We have to deal in things that we are capable of understanding. This is the 144th installment of the labyrinthian, a series dedicated to exploring random fields of knowledge in order to give you unordinary theoretical, philosophical, strategic, andor often rambling guidance on daily fantasy sports. Charlie munger says charlie mungers wits and wisdom for.
I thought i had red some good investment books, but this is quite outstanding. Charlie munger and hes going to give us a few words today. He is also chairman of daily journal corp and director of costco wholesale corperation. Why some teams dont like the nfl supplemental draft. The munger network of mental models paper by rich rockwood books about munger. Charlie munger has served as vice chairman of warren buffetts berkshire hathaway inc. 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. Heres a list of every book warren buffett has recommended this. Poor charlie s almanack is a collection of speeches and talks by charlie munger, compiled by peter d.
Behind the scenes with berkshire hathaway billionaire charlie. If charlie munger didnt quit when he was divorced, broke. Charlie munger trades, portfolio, as usual, provides great wisdom with just a few words. 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. Charlie munger quickly identify mistakes and take action. The national football league instituted the reverse order draft for entering players rookies in 1936. First published in 2005 isbn 1578643031, it was released in an expanded edition isbn 1578645018 three years later. Djco has become one of the most followed businesses on the market.
Munger, warren buffetts righthand man and a genius in his own right. See what draftsite and fans have to say about barnes. This book is something of a publishing miraclenever advertised, yet year after year selling many thousands of copies from its internet site. A brief history of charlie munger and the daily journal. 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. If you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Jul, 2012 if you know anything about charlie munger, hes famous for his quick wit, plain spoken wit and absolute genius. Click here and here to see warren buffetts and charlie munger s book recommendations over the years. Looking to get a head start on your 2020 reading list. Consult the introductory piece to the series for further explanation over our almost two years of existence, weve. Poor charlies almanack was one of the first publications to draw attention to mungers multiple mental models approach to. Warren buffetts partner charlie munger has 3 rules for a. Book recommendations from charlie munger business insider. Charlie munger says living by this rule is key to his success.
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. Munger is an entertaining, gorgeous and worthwhile coffee table book for finance philosophers and biography aficionados alike. Poor charlies almanack then goes on to discuss the munger approach to life, learning, decisionmaking, and investing. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than. Charlie mungers 30 best zingers of all time the motley fool. In multiple speeches, and in the book poor charlies almanack. Jul 16, 2016 charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. 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. With his famously abrupt manner, charlie munger is a hard man to please. 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. Investing advice from charlie munger joshua kennon. His 1986 talk at harvard, a 2007 talk given at usc commencement, and his 2006 talk the psychology of human misjudgment. Rushed for 1,410 yards, third best in school history.
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. Jul 12, 2015 charlie mungers blue chip stamps shareholder letters 19781982 posted on august 23, 2014 by value book a case study of warren buffett and charlie mungers investment in and management of blue chip stamps. A book recommended by bill gates and charlie munger. For information on the authorized chinese translation, click here. This is, of course, by choice since what the two men love most is investing. Economics of the nfl player entry draft system springerlink. Munger, along with buffett, is one of the main inspirations behind the book.
Charlie munger it is really useful to be reminded of your errors. 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. See the final results of the 2020 nfl draft and sidebyside with. The list includes books on human nature, darwins theory, and benjamin. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Feb 08, 2017 a book recommended by bill gates and charlie munger.
Charlie munger on management with talent and integrity. Peter kaufman, ceo of glenair, who wrote this book, poor charlies almanack about charlie munger. Over the past decade, a littleknown company called the daily journal corp. How many books has charlie munger read in his entire lifetime. See the final results of the 2020 nfl draft and sidebyside with our final mock draft. He has helped shareholders of berkshire hathaway amass untold fortunes. He has helped shareholders of berkshire hathaway amass untold.
Was instrumental, along with investor and author phil fisher. This article mentions twenty books charlie munger has read and recommended over the years. Munger s methods chapter 1 charlie munger on mistakes charlie munger learned about business in the best way possible. Start reading charlie munger on your kindle in under a minute. Excerpts from pages 206209 of poor charlies almanack. Jack bogle, founder of the vanguard group and an investing icon. 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. Charlie mungers blue chip stamps shareholder letters 19781982 posted on august 23, 2014 by value book a case study of warren buffett and charlie mungers investment in and management of blue chip stamps. Twenty years ago, a small circle of investors and academics gathered in new york to listen to berkshire hathaways warren buffett and charlie munger. Find all the books, read about the author, and more. Poor charlie s almanack, edited by peter kaufman originally published in 2005.
Charlie munger is the longserving vicechairman of berkshire hathaway. The nfl system is the original version of a player entry draft, and subsequent draft systems developed by north american team sport leagues are based on this model. 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. Even though many of his individual and fund holdings fell by 6075% during the bear market crash of 19731974, munger did not engage in any panic selling and, in janet lowes book, mentioned that. 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. The best way to get what you want is to deserve what you want march 6, 2017. About charlie munger professional gave up his law practice to focus on something, investing, that seemed more sensible as a vehicle toward the financial freedom that he so desired. 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. Charlie munger built his fortune by seeking income first. Im just curious to calculate how much a human would read if they read a fairly small amount per day for m. 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. 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. This is, of course, by choice since what the two men love most is.
Munger has never stated how many books he has read. Combine his wisdom with griffins ability to synthesize thoughts and this book is truly a work of. Charlie thomas munger is an american business, philanthropist, and investor who works alongside with warren buffet as chairman of berkshire hathaway. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems.
This book contains three great speeches given by charles t. This part of the book is just as important as any other. I wrote recently about best buy, but best buy is the lowhanging fruit, the. Hundreds of business and personal finance books land on my desk each year, and many head straight to the recycling bin. I think were warren buffett and charlie munger pretty good at that. Charlie munger summary july 16, 2016 april 11, 2019 niklas goeke personal finance 1sentencesummary. Gates said, the book had a profound effect on the way i think about history and why certain societies advance faster than others. Avoid these 5 things that guarantee a life of misery.
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