charlie munger

The CFA Institute Magazine issue for January/February 2013, has an interesting article by Robert Hagstrom, CFA, author of The Warren Buffett Way on Charlie Munger. Below are two brief excerpts:

Charles Munger—Charlie, as he is known throughout the investment world—is vice chairman of Berkshire Hathaway, the holding company run by Warren Buffett, the world’s most famous investor. Munger is an intellectual jewel somewhat hidden behind his more celebrated partner. The anonymity is not Buffett’s fault. Charlie simply prefers the lower profile. Except for his occasional appearances at business schools and his prominent role at Berkshire Hathaway’s annual meetings, Charlie remains largely out of public view.

To make his point about single-focus thinking, Munger often cites the proverb “To a man with only a hammer,
every problem looks pretty much like a nail.” Speaking at the 50th reunion of the Harvard Law School class of 1948, Munger pointed out the “partial cure” for this problem: having “a vast set of skills” and knowledge of multiple disciplines.

Hagstrom Munger by Devon Shire

The full article can be found here-PDF

H/T Corner of Berkshire & Fairfax