The Wit and Wisdom of Charles T. Munger
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Charles Munger is Warren Buffett decade's long business partner, and his investment filter, jokingly called by Mr. Buffett - the abominable no man. The early pages cover Munger's family history, his framework for investing [wait for the fat pitches, and assess each opportunity using rational, rigorous frameworks drawn from multiple disciplines (and not finance theory!)], and even some warm testaments from family, friends and colleagues. The next section, assembled by leading investor Whitney Tilson, is well edited and benefits from Tilson's massaging of quotations made over time into logical sub-headings. The bulk of the text though is, as the subtitle suggests, the wit and wisdom of Mr. Munger as conveyed through various speeches in the last couple decade or so before 2006.
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Interesting hot takes on various topics. Brilliant man. Very repetitive. I was repeatedly put off by his attitude where he says he's much smarter than everyone and he's got everything figured out. But then again I think of his track record and it is hard to argue with that. Made me realize I may not want to have him as my pal because he's annoyingly condescending, but it's worth taking the time to listen to what he thinks anyway because he makes a lot of good points.
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