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In other words, reading alone may stimulate the mind and improve the intellect, but it’s what you do with your newfound knowledge that brings you results.
Distant Force : A Memoir of the Teledyne Corporation and the Man Who Created It, with an Introduction to Teledyne Technologies by G. A. Roberts (2007). This recommendation is unverified, but Munger did discuss Henry Singleton, the founder of Teledyne, at the 2013 Berkshire shareholder meeting. For example, buy Wal-Mart when Sam Walton first goes public and so forth. And a lot of people try to do just that. And it’s a very beguiling idea. If I were a young man, I might actually go into it.” Here are some verified Charlie Munger book recommendations from these events, as well as some taken from letters and memos issued to shareholders. At the end of every book I read, I like to do a little exercise that tries to summarize the book in three sentences. If the book was really good, I would struggle greatly as I fight to decide what concepts merit mention in the allotted three sentences. If it was not, it would be easy to write. With this book I can say it was quite a struggle. There is just so much in here worth internalizing. Due to the meeting’s conference-like nature, Buffett and Munger also often recommend their favorite books.
If you put it down feeling as if you haven't learned enough, blame yourself, not the author. Better Investing The book lays out the five principles of this negotiation strategy, and offers a step-by-step process for putting them into action. Influence It is not given to human beings to have such talent that they can just know everything about everything all the time. However, it is given to human beings who work hard at it. Who look and sift the world for a mispriced bet – that they can occasionally find one.”
The World According to "Poor Charlie". Kiplinger's Newsletter. November 2005. Archived from the original on March 21, 2009. The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy by Robert G. Hagstrom Investment Practices of Leading Charitable Foundations", Foundation Financial Officers Group, October 14, 1998 On derivatives: “The system is almost insanely irresponsible.” “I’ll be amazed if we don’t have some kind of significant [derivatives-related} blowup in the next five to ten years.” Most people seem to like this book a lot more than I did. I don't deny that there is wisdom (as well as wit) within this book, but Munger's basic points could be distilled into:Google’s had such an extreme cultural impact that the phrase “Google it” is now synonymous with “look it up.” But how did Google become the behemoth it is today? In this book, Steven Levy takes readers inside the company to highlight its history and operations. The Club Let me explain why education is so bad now. Part of the reason is the status quo of old age and death between different disciplines. E.g, Psychology is most useful only when combined with the principles of other disciplines. But if your professor doesn’t understand the principles of other subjects, Then he cannot complete this necessary integration.” 2.4 Curiosity Griffin offers an elegantly unified theory of Munger's ideas, organized in a coherent framework from a generous sampling of his scattered remarks in various forums over many years. Intelligent, thoughtful, helpful—and a delight to read. Lawrence Cunningham, author of Berkshire Beyond Buffett: The Enduring Value of Values
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