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. This book 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 ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments.
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“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
“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 ValuesBe the first to write a review about this audiobook!
Tren Griffin works at Microsoft. Previously, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw, with investments in the telecommunication and software industries, including McCaw Cellular, Nextel, Nextel Partners, XO Communications, Teledesic, and many start-up firms. His early career included five years working and living as a business consultant in Korea and Australia. Tren blogs about investing and other topics at 25iq.com. He is the author of The Global Negotiator: Building Strong Business Relationships Anywhere in the World; Korea, The Tiger Economy; Taiwan’s Economy; Ah Mo: Legends from the Northwest; and More Ah Mo.
Fred Stella has worked as an actor and voice talent in radio, television, independent films, and audiobooks. He was awarded the Publishers Weekly Listen Up Award for Best Male Narration in 2002. He is on the adjunct faculty staff of Muskegon Community College.