Charlie Munger: The Complete Investor [Book Review]

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Charlie Munger: The Complete Investor (Columbia Business School Publishing) by Tren Griffin

Charlie Munger: The Complete Investor – Description

Charlie Munger, Berkshire Hathaway’s visionary vice chairman and Warren Buffett’s indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of “elementary, worldly wisdom”–a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management–allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.

Munger’s system has steered his investments for forty years and has guided generations of successful investors. Charlie Munger: The Complete Investor presents the essential steps of Munger’s investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham’s value-investing system, Munger’s approach is straightforward enough that even novices can apply it to their portfolios. This book is not simply about stock picking, it’s about cultivating mental models for your whole life, but especially for your investments.

Charlie Munger: The Complete Investor – Review

Charlie Munger is, arguably, the world’s best investor. Charlie’s ‘worldly wisdom’–a latticework of understanding separate disciplines–is a powerful way to achieve superior investment results. Without it, success in the market–or anywhere else–is a short-lived fluke. (Robert Hagstrom, Author of The Warren Buffett Way and Investing: The Last Liberal Art)

Griffin offers an elegantly unified theory of Munger’s ideas, organized in a coherent framework from a generous sampling of Munger’s scattered remarks in various forums over many years. Intelligent, thoughtful, helpful–and a delight to read (Lawrence Cunningham, author, “Berkshire Beyond Buffett: The Enduring Value of Values” and professor, George Washington University)

About the Author

Tren Griffin is an executive at Microsoft. Before joining Microsoft, Tren was a partner at the private equity firm Eagle River.

Charlie Munger: The Complete Investor (Columbia Business School Publishing) by Tren Griffin


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