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.
ASIN : B010EB3EUM
Publisher : Columbia Business School Publishing
Accessibility : Learn more
Publication date : September 15, 2015
Language : English
File size : 579 KB
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Enabled
Word Wise : Enabled
Print length : 226 pages
ISBN-13 : 978-0231540414
Page Flip : Enabled
Best Sellers Rank: #109,609 in Kindle Store (See Top 100 in Kindle Store) #58 in Stock Market Investing (Kindle Store) #65 in Analysis & Trading Investing Strategies #130 in Motivational Business Management
Customer Reviews: 4.3 4.3 out of 5 stars (1,404)