Charlie Munger has been Warren Buffett’s right-hand man for decades. He is the vice-chairman of Berkshire Hathaway. Munger is known for his witty quotes and his fascinating stories. Munger has stressed the importance of mental model to improve decision-making in investing, and in life. His speeches and writing have nuggets of wisdom that everyone can use.
Like Buffet, Charlie Munger was born in Omaha, Nebraska. He worked at Buffett & Son, a grocery store owned by Warren Buffett’s grandfather, in his teenage years. He dropped out of college at the University of Michigan to serve in the US Army. He later attended Caltech and Harvard Law. After getting his law degree from Harvard, he practiced law for several years in California.
Munger ran his own investment partnership from 1962 to 1975. He closed his investment partnership in 1975 and joined Berkshire Hathaway a few years later.
Charlie Munger Resources
Books and shareholder letters
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger – This book is not a quick read. With 500+ pages, it includes Munger’s philosophy, his mental models, life stories, and speeches. A must-read for anyone who wants to be good at investing and in life.
Wesco – Charlie Munger’s letters to shareholders
Charlie Munger’s Speeches
The Psychology of Human Misjudgement (Youtube)
Speech at Caltech in 2008 (Youtube)
Charlie Munger, Warren Buffett, and Bill Gates Debate Socialism Vs Capitalism on CNBC
Books recommended by Munger over the years
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Yes!: 50 Scientifically Proven Ways to Be Persuasive
Deep Simplicity: Bringing Order to Chaos and Complexity
