Charlie Munger


Poor Charlie’s Almanack

Peter Kaufman

Latticework: The New Investing

Robert Hagstrom

Investing: The Last Liberal Art

Robert Hagstrom

Seeking Wisdom From Darwin to Munger

Peter Bevelin

Tao of Charlie Munger

David Clark

Tren Griffin

  • stock picking as a subdivision of the art of achieving worldly wisdom.

  • You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.

  • Invert, always Invert!

  • We both (Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.

  • Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

  • The big money is not in the buying and selling, but in the waiting.

  • Never, ever tell anyone about your problems, 90% of the people really don’t care. The other 10% are glad you have them.

  • but as a larger collection of studies that would also include physics, biology, social studies, mathematics, philosophy, and psychology.

  • A great business at a fair price is superior to a fair business at a great price.