My role has been that of general contractor. 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.
Munger's system has steered his investments for forty years and has guided generations of successful investors. This book presents the essential steps of Munger's investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians.
Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments. A collection of pithy and inspiring sayings from America's favorite businessman that reveal his secrets of success Like the sayings of the ancient Chinese philospher Lao-tzu, Warren Buffett's worldly wisdom is deceptively simple and enormously powerful in application.
In The Tao of Warren Buffett, Mary Buffett -- author of three books on Warren Buffett's investment methods -- joins noted Buffettologist and international lecturer David Clark to bring you Warren Buffett's smartest, funniest, and most memorable sayings with an eye toward revealing the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy.
Warren Buffett's investment achievements are unparalleled. He owes his success to hard work, integrity, and that most elusive commodity of all, common sense. The quotations in this book exemplify Warren's practical strategies and provide useful illustrations for every investor -- large or small -- and models everyone can follow. The quotes are culled from a variety of sources, including personal conversations, corporate reports, profiles, and interviews.
The authors provide short explanations for each quote and use examples from Buffett's own business transactions whenever possible to illustrate his words at work. As Warren says: "You should invest in a business that even a fool can run, because someday a fool will.
We just try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
This irresistibly browsable and entertaining book is destined to become a classic. Praise for Damn Right! There is a method to his mastery and, through this book, we get a chance to learn about this rare individual.
With a biographer's detachment, an historian's thoroughness, and a financial writer's common sense, Lowe produces a riveting account of the family, personal, and business life of the idiosyncratically complex and endlessly fascinating figure. Now we can rest and enjoy reading Janet Lowe's book about this rare intellectual jewel called Charlie Munger.
But his life should be explained. In a city where heroism is too often confused with celebrity, Charlie is a true hero and mentor. He lives the life lessons that he has studiously extracted from other true heroes and mentors, from Ben Franklin to Ben Graham.
This book illuminates those life lessons. 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! 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 He used for decades to run one of the most successful companies in the world.
The great man teaches you the investment approach and ideas about life. The book concludes the essential steps of Munger investing strategy. His straight forward approach of investment believes any investor can do the same. His words cultivate mental models for investments. The book includes the short life history of Charlie Munger and his famous quotes.
Now, four years later, that market has seen once hot tech stocks crash and investors scramble to move their assets, or what remains of them, back to the safety of traditional blue chip companies.
As peaks turn to troughs, worried investors wonder if there are any constants in today's volatile market. The answer is yes: Warren Buffett's value investing strategies make money. Designed to teach investors how to decipher and use financial information like Buffett himself, this one-of-a-kind guide walks readers step-by-step through the equations and formulas Buffett uses to determine what to invest in and, just as importantly, when.
It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions.
It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management.
Lastly, it examines the surprising aspects of a Money Mind — sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. This is a game changer in investment books Score: 3.
There is a method to his mastery and, through this book, we get a chance to learn about this rare individual. With a biographer's detachment, an historian's thoroughness, and a financial writer's common sense, Lowe produces a riveting account of the family, personal, and business life of the idiosyncratically complex and endlessly fascinating figure.
Now we can rest and enjoy reading Janet Lowe's book about this rare intellectual jewel called Charlie Munger. But his life should be explained. In a city where heroism is too often confused with celebrity, Charlie is a true hero and mentor. He lives the life lessons that he has studiously extracted from other true heroes and mentors, from Ben Franklin to Ben Graham. This book illuminates those life lessons. And he gives us specific testing tools to do the job.
This book can rescue you. Jim Ware explains how to organize your business to encourage creative thinking. In five years, your customers will be working with an advisor who read this book, so make sure you are the one who did. This unusual combination of skills creates a rare find: useful insights to improve investment performance through helping people work together better.
Jim's content is solid, and his presentation is engaging. A step-by-step guide to enhancing management performance to increase returns. University of Chicago Business School.
Shavors , Charlie. Rest , valiant hoarts. Horbert , David Warchant. Rowley , Aloo , EP Munger , Margaret. Wallbridgo , Richard L. Skip to content. Buffett's investment strategies and life philosophies are revealed in this easy-to-read collection of sayings, some of which have never been heard before. The perfect gift for everyone on your list: from serious investors to over-spenders, Warren Buffett can teach everyone a few secrets of success.
They may not guarantee you a good life, but they'll give you a better chance. Since the dawn of civilization, we've been asking ourselves what it means to live a good life: how should I live, what will truly make be happy, how much should I earn, how should I spend my time?
In the absence of a single simple answer, what we need is a toolkit of mental models, a guide to practical living. If you picked up this book to find get-rich-quick formula, you are in for a disappointment. This book instils in you the fundamental philosophy required to make money with high certainty and with least risk.
It is the same philosophy that has made Warren Buffett the most successful investor. It guarantees you success, and the techniques are simple to apply. The author, who made his first investment at age sixteen, believes that investment success comes not to those with a PhD in finance but to those with the right mind-set. Trying to get rich quick is dangerous. To make a fast buck, you need to speculate and gamble. A price surge results in quick handsome gains, but a fall may wipe off your fortune.
Investing is all about taming your emotions, and this book teaches you that. If you want to read only one book as complete investing guide, this is that book. In The Tao of Warren Buffett, Mary Buffett -- author of three books on Warren Buffett's investment methods -- joins noted Buffettologist and international lecturer David Clark to bring you Warren Buffett's smartest, funniest, and most memorable sayings with an eye toward revealing the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy.
Warren Buffett's investment achievements are unparalleled. He owes his success to hard work, integrity, and that most elusive commodity of all, common sense. The quotations in this book exemplify Warren's practical strategies and provide useful illustrations for every investor -- large or small -- and models everyone can follow. The quotes are culled from a variety of sources, including personal conversations, corporate reports, profiles, and interviews.
The authors provide short explanations for each quote and use examples from Buffett's own business transactions whenever possible to illustrate his words at work. As Warren says: "You should invest in a business that even a fool can run, because someday a fool will. We just try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices.
That's all I'm trying to do. This irresistibly browsable and entertaining book is destined to become a classic. In fact, there are so many out there that it's exhausting. Wouldn't it be better to realize that the leadership lessons we need to learn are not out there somewhere, but in here, in our own lives? That instead of becoming a knock-off of someone else, we can be uniquely ourselves? That's exactly what Ron Kitchens learned, and it's what he wants to share with today's emerging leaders.
Sharing his own journey of discovering what his life was trying to teach him through both trials and triumphs, Kitchens equips readers to mine their own stories for the relationships and life lessons that have made them into the unique individuals they are today.
He then shows readers how to leverage those unique experiences into their own personal leadership style that is authentic, one-of-a-kind, and effective in building businesses and leading teams. What exactly is a Money Mind? This is not a method book.
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