Charlie Munger - The Complete Investor

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.

List of contents

Introduction
1. The Basics of the Graham Value Investing System
2. The Principles of the Graham Value Investing System
3. Worldly Wisdom
4. The Psychology of Human Misjudgment
5. The Right Stuff
6. The Seven Variables in the Graham Value Investing System
7. The Right Stuff in a Business
Berkshire Math
Moats
Value Investing vs. Factor Investing
Notes
Glossary
Bibliography

About the author

Tren Griffin

Summary

This book presents the essential steps of Charlie Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and business-case historians. Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios.

Report

Charlie Munger is, arguably, the world's best investor. His 'worldly wisdom' - a latticework of understanding separate disciplines - is a powerful way to achieve superior investment results. Without it, success in the market - or anywhere else - is a short-lived fluke. Robert Hagstrom, author of The Warren Buffett Way and Investing: The Last Liberal Art

Product details

• Authors: Tren Griffin, Griffin Tren
• Publisher: Columbia University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 30.09.2017
• EAN: 9780231170994
• ISBN: 978-0-231-17099-4
• No. of pages: 224
• Series: Columbia Business School Publi; Columbia Business School Publi
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business, Business & Economics / Investments & Securities / Stocks, Business & Economics / Investments & Securities / General, BUSINESS & ECONOMICS / Decision-Making & Problem Solving, BUSINESS & ECONOMICS / Skills, BUSINESS & ECONOMICS / Motivational, Business & management, Investment and securities, Management and management techniques