Words of Wisdom from Charlie Munger
Quarantine Log, Day 21: Remember the trade war?
Charlie Munger is 96 years old. A self-made billionaire, Munger has been the long-term business partner of Warren Buffet and is still vice-president of Berkshire Hathaway.
An incredibly influential person to millions of investors throughout the world, Munger has achieved this, strangely, by never writing a book. The closest you will get is a collection of his public speeches which were compiled in ‘Poor Charlie’s Almanack’ and ‘On Success’, both of which are hard (or very expensive) to come by.
Still, luckily, in the age of the internet, there are many ways to digest the knowledge that has led Munger to such success in life, especially considering how unselfish the man himself is when it comes to sharing his thoughts. You’ll find hundreds of videos, audio recordings, and print interviews with Munger through a simple Google search and one of the overarching themes is his multidisciplinary approach to the world. Even a quick scan of a Munger-recommended reading list like this one shows how he takes interest in everything from history, climate science, anthropology, and psychology.
I’ve attached two video interviews of Munger here. One was recorded shortly after the financial crisis in 2008 and is about 10 minutes long. For those who have some unexpected time on their hands these days, there’s also a longer audio clip on the psychology of human misjudgment — a much-referred speech he gave at Harvard in 1995.
Hope you enjoy them.