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What can we learn from Charlie Munger?
Charlie Munger believes that reading is the fundamental key to his success. When he has a book in his hand, he never feels like he is wasting time. For Munger, reading has been an everyday habit that he applies without thinking. If you learn to always have a book by your side, then you are way ahead of most people.
How do you think Charlie Munger?
Munger’s approach to decision making
- Simplify problems, decide what are, and then answer the no-brainer questions first.
- Practice numerical fluency.
- Approach the problem from different directions, think backwards.
- Similar to 3., approach problems with different methods of thinking.
Why is Charlie Munger famous?
Charles “Charlie” Munger, a longtime resident of Pasadena, California, is perhaps best known as the Vice Chairman of the world’s greatest compound interest machine: Berkshire Hathaway, Inc.
How did Buffett and Munger meet?
Warren Buffett and Charlie Munger first met over dinner in 1959, Buffett recalled in CNBC’s special, “Buffett & Munger: A Wealth of Wisdom.” The now-iconic business partners were introduced to each other through the family of a well-known doctor in Omaha.
What does the word Munger mean?
(Entry 1 of 2) 1 : broker, dealer —usually used in combination alemonger. 2 : a person who attempts to stir up or spread something that is usually petty or discreditable —usually used in combination warmonger. monger.
What does Remonger mean?
n. 1 a sense of deep regret and guilt for some misdeed. 2 compunction; pity; compassion.
What is the original title of Charlie Munger’s speech?
This speech was originally given by Charlie Munger at USC Business School in 1994. The full title of the talk is “”A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business”.
What does Munger mean by elementary worldly wisdom?
“Elementary, worldly wisdom”. In multiple speeches, and in the book Poor Charlie’s Almanack, Munger has introduced the concept of “elementary, worldly wisdom” as it relates to business and finance. Munger’s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems.
Where did Charlie Munger go to college?
Munger was born in Omaha, Nebraska. As a teenager he worked at Buffett & Son, a grocery store owned by Warren Buffett’s grandfather. His father, Alfred C. Munger, was a lawyer. His grandfather is Thomas Charles Munger. He enrolled in the University of Michigan, where he studied mathematics.
What is the relationship between Nancy Munger and Charlie Munger?
Nancy Munger was an alumna of Stanford, and Wendy Munger, Charlie Munger’s daughter from a previous marriage, was also an alumna (A.B. 1972). Both Nancy and Wendy Munger served as members of the Stanford board of trustees. In 2004, the Mungers donated 500 shares of Berkshire Hathaway Class A stock,…
https://www.youtube.com/watch?v=xMNxQ_tgsYQ