Charlie munger on sitonyourass investing from poor charlies almanack. Oct, 2015 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. Damn right is an extremely good book about charlie munger. Mar 06, 2019 charlie munger has a system that flips things on their head in a way that makes complete sense. Aug 06, 2014 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. There is nothing wrong with that but when listening to an audio book, having to hear the reference to charlie munger, such and such, 1995 every two sentences really ruins the whole listening experience. Youve got whole categories of things you just bat away so your brain isnt cluttered with them.
Organized common or uncommon sense very basic knowledgeis an enormously powerful tool. Peter kaufman, ceo of glenair, who wrote this book, poor charlies almanack about charlie munger. Then he makes a subtle distinction, indicating that what they do is uncommon sense, since anything that is common must be vile. Because the standard human condition is ignorance and stupidity. If you do, then you not only have wasted your money, but more importantly, even charlie mungers wisdom probably cant save you from yourself. Even his ideas about common sense, are, well, uncommon, as he explained to me.
He refers to it as inversion, and when combined with avoidance, it works wonders. Its an excellent book, the best book ive ever read, by far, in my life. Charlie munger on common sense and investing youtube. Here are the 31 handpicked best quotes on investing by a few of the worlds most successful investors. A study in simplicity and uncommon, common sense by peter bevelin summary a very interesting dialogue between warren buffett, charlie munger, the librarian and the seeker of knowledge. May 20, 2019 serwer then focuses on the speeches at the annual meeting, mentioning that a lot of it is common sense. Common stocks and uncommon profits and other writings. The great charm of charlie munger is his simple, no frills approach. Damn right behind the scenes with berkshire hathaway. Blogging our way through special needs parenting and aac use with honesty and sarcasm. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. He describes how and why he thinks the way he does, stresses the importance of learning the basics in the fundamental disciplines in order to avoid becoming the man with a hammer who sees everything as a nail, and how this has translated into the enormous. 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.
Dec 10, 2016 the little book of common sense investing is a great book providing great insights about investing and what drives return dividends and earnings growth together with a thorough discussion about historical market returns, what to think about when investing costs, taxes, inflation etc. If you buy something because its undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. Poor charlies almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. The definitive book on warren buffetts business partner. Serwer then focuses on the speeches at the annual meeting, mentioning that a lot of it is common sense. Ive had many friends in the sick business fixup game over a. Charlie munger more people would benefit from charlie if his thoughts were more accessible and if he was as prolific a writer as he is a reader. Jul 12, 2015 charlie munger on uncommon sense posted on june 14, 2015 june 14, 2015 by value book from poor charlie s almanack. This blog receives commissions from affiliate links on amazon and also occasionally receives complimentary books from publishers, some of which get mentioned on the blog favorably. 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. Over the years mungers compiled a list of book recommendations that has served me well. Charlie munger and hes going to give us a few words today. Create amazing picture quotes from charlie munger quotations.
Housed inside youll find anything and everything you want or need to know about charlie munger and his approach to life and investment. Books about charlie munger and his favourite books are located at. Charlie munger is warren buffetts righthand man here. Several lessons from charlie mungers uncommon sense from the 2019 daily journal corporation annual meeting. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. I set out to have more common sense than most, and im pleased i did as well as i did. Charlie munger on uncommon sense the premature millionaire show the show about side hustles, investing, motivation, and retirement by daithi may 11, 2019 share. Munger s approach is straightforward enough that ordinary investors can apply it to their portfolios. The best way by far to know charlie is to read poor charlies almanack. Its one of a small handful of books on behavioral economics that i would recommend. Warren buffett, benjamin graham, philip fisher, charlie munger, peter lynch, seth klarman, joel greenblatt, etc are few of the famous investors who have inspired the world by their words of. Read this book to kickstart your brain, evolve your own uncommon sense and get involved in the dialogue. Luckily for us, warren buffett, billionaire investor and berkshire hathaway.
Dec 28, 2016 charlie munger on sitonyourass investing from poor charlie s almanack. He refers to it as inversion, and when combined with avoidance, it works wonders for example, instead of studying successful people in the hopes of also being successful, study what it takes to be unsuccessful and do the opposite. And when they say oh, joe has common sense, they mean he has uncommon sense. When people use the words common sense, what they mean is uncommon sense, because the. Organized common or uncommon sensevery basic knowledgeis an enormously powerful tool.
Organized common or uncommon sense very basic knowledge is an enormously powerful. Feb 08, 2017 charlie munger reading uncommon sense. Part of having uncommon sense is being able to tune out folly, as. What are the main takeaways from charlie mungers book. Its another one of the hundred or so models you ought to have in your head.
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. Part 1 adapted from the book uncommon sense by bill abbate at the foundation of all serious learning is curiosity and questioning. When people use the word common sense, what they mean is. Heres a list of every book warren buffett has recommended this. Charlie munger is truly the broadest thinker i have ever encountered. Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. May 06, 2019 even his ideas about common sense, are, well, uncommon, as he explained to me. Charlie munger munger is one of the best investors of our time you can see more on mungers resource page. Part of having uncommon sense is being able to tune out folly, as opposed to recognizing wisdom. And, of course, the text is sprinkled with mungers unique brand of humor. 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. Apr 05, 2020 warren buffett, benjamin graham, philip fisher, charlie munger, peter lynch, seth klarman, joel greenblatt, etc are few of the famous investors who have inspired the world by their words of wisdom. Critical praise for common stocks and uncommon profits and other writings you will find lots of jewels in these pages that may do as much for you as they have for. Over the years, there are many successful investors who have shared their wits with the world.
Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. I highly recommend this book if you want to know what technology means. More people would benefit from charlie if his thoughts were more accessible and if he was as prolific a writer as he is a reader. This book presents the essential steps of charlie munger s investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and businesscase historians. Organized common or uncommon sense very basic knowledge is an enormously powerful tool. I believe hes given away more copies of this book than. Critical praise for common stocks and uncommon profits and other writings you will find lots of jewels in these pages that may do as much for you as. When people use the words common sense, what they mean is uncommon sense, because the standard human.
In multiple speeches, and in the book poor charlie s almanack. Then he makes a subtle distinction, indicating that what they do is uncommon. 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. This book is about the fictitious seeker, who has known a lot of misery, and his visit to the library of wisdom where. He describes how and why he thinks the way he does, stresses the importance of learning the.
In this discussion charlie first talks about common sense and how it is not common. This book presents the essential steps of charlie mungers investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and businesscase historians. It had made me hate charlie munger s name this is a book of quotes rather than anything else. Complexity as a default a wealth of common sensea wealth of common sense commented on sep 24 griffin tells a great joke in his new charlie munger book that describes the needless complexity many intelligent people try to inject into the.
Cochrane is expert at illuminating our shadowy future. Munger himself has had a fascinating and hugely successful business life, an eminent attorney, successful real estate developer, and is also a strong and interesting character. Charlie munger is the vice chairman of the warren buffettled berkshire hathaway. But of course, when people use the word common sense, what they mean is uncommon sense. This book is both monsterous and a complete pleasure to read. Charlie munger on uncommon sense posted on june 14, 2015 june 14, 2015 by value book from poor charlies almanack. For those interested in charlie munger this book is great. In this discussion charlie first talks about common sense and how it is not. When you turn questions to yourself, you can gain knowledge and awareness about y. Charlie munger has a system that flips things on their head in a way that makes complete sense. Buy a cheap copy of common stocks and uncommon profits and. Charlie mungers advice on investing and life choices that. The psychology of persuasion a frequent and persistent recommendation from munger.
When people use the words common sense, what they mean is uncommon sense, because the standard human condition is ignorance and stupidity. In multiple speeches, and in the book poor charlies almanack. Charlie munger is warren buffetts righthand man here are. Munger, as the number 2 at berkshire hathaway, is somewhat overlooked in the shadow of warren buffett. Questions lead to knowledge, understanding, and increased awareness. There is nothing wrong with that but when listening to an audio book, having to hear the reference to charlie munger, such and such, 1995 every two. Its a great book, and one of the seminal one to read if you want to be a good investor. The issues addressed are some of the most important of our times. Oct 14, 2017 its a great book, and one of the seminal one to read if you want to be a good investor. Charlie munger is warren buffetts righthand man here are 18 of. The best charles munger books of alltime updated for 2020. Charlie mungers uncommon sense eases berkshire succession. Munger is known to read quite a lot of books on varying topics. It had made me hate charlie mungers name this is a book of quotes rather than anything else.
For example, instead of studying successful people in the hopes of also being successful, study what it takes to be unsuccessful and do the opposite. Part of having uncommon sense, i think, is being able to tune out folly, as distinguished from recognizing wisdom. He then discusses the social sciences and his views on them. Charlie munger is the vice chairman of the warren buffettled.
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