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Charlie Munger: The Complete Investor (Columbia Business School Publishing) Hardcover – September 15, 2015
by
Tren Griffin
(Author)
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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.
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.
- Print length224 pages
- LanguageEnglish
- PublisherColumbia Business School Publishing
- Publication dateSeptember 15, 2015
- Dimensions6.1 x 0.9 x 9.1 inches
- ISBN-10023117098X
- ISBN-13978-0231170987
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Popular Highlights in this book
Make a bipolar Mr. Market your servant rather than your master. 4. Be rational, objective, and dispassionate.Highlighted by 1,818 Kindle readers
“Knowing what you don’t know is more useful than being brilliant.”Highlighted by 1,791 Kindle readers
I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.Highlighted by 1,466 Kindle readers
What Munger looks for is a business that has a significant track record of generating high, sustained, and consistent financial returns.Highlighted by 1,462 Kindle readers
Editorial Reviews
Review
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
Griffin offers an elegantly unified theory of Munger's ideas, organized in a coherent framework from a generous sampling of his scattered remarks in various forums over many years. Intelligent, thoughtful, helpful―and a delight to read. -- Lawrence Cunningham, author of Berkshire Beyond Buffett: The Enduring Value of Values
What if I told you that the world's greatest living investor was also one of the most prolific writers and thinkers on the subject? And what if there were a single book containing all of his most insightful comments in a highly focused series of lessons, anecdotes, and instructions for success? I'm happy to tell you that, in Tren Griffin's Charlie Munger, that book has finally arrived. -- Joshua M. Brown, CEO, Ritholtz Wealth Management, author of Backstage Wall Street
Griffin is better than anyone else at explaining the most important ideas from the best and brightest minds in business and investing in a way people can easily understand. This book is overflowing with wisdom. Readers will receive a master's degree in decision making, investing, human psychology, and much more. The definitive book on Warren Buffet's business partner. -- Ben Carlson, author of A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan
Munger's life is about facing reality, from personal relationships to lofty financial transactions. Griffin demonstrates how Munger sees 'possible' where others see the opposite. How Munger sees the weeds in the river yet also the wonderful fish swimming there. -- Janet Lowe, author of Damn Right: Behind the Scenes with Berkshire Billionaire Charlie Munger
Charlie Munger is one of the greatest thinkers of our time. Combine his wisdom with Griffin's ability to synthesize thoughts and this book is truly a work of wisdom. It will guide you on how to think differently, which is the most important―and most lacking―skill among business leaders and investors. -- Morgan Housel, author of Everyone Believes It, Most Will Be Wrong: Motley Thoughts on Investing and the Economy
Griffin does an extraordinary job of curating, synthesizing, and organizing the vast wisdom Munger has left for humanity. -- Shane Parrish ― Farnam Street
treasure trove of observations and comments by Mr. Munger, Warren Buffet's investment expert. -- Nancy K. Webman ― Pensions & Investments
All who are interested in finance will want this book.... Highly recommended. ― Choice
If you put it down feeling as if you haven't learned enough, blame yourself, not the author. ― Better Investing
Well-organized and thoughtful.... Griffin expertly displays how Munger's own ideas both emerged from, and later departed with the intellectual foundations laid by [Ben] Graham. ― The Charlieton
Griffin offers an elegantly unified theory of Munger's ideas, organized in a coherent framework from a generous sampling of his scattered remarks in various forums over many years. Intelligent, thoughtful, helpful―and a delight to read. -- Lawrence Cunningham, author of Berkshire Beyond Buffett: The Enduring Value of Values
What if I told you that the world's greatest living investor was also one of the most prolific writers and thinkers on the subject? And what if there were a single book containing all of his most insightful comments in a highly focused series of lessons, anecdotes, and instructions for success? I'm happy to tell you that, in Tren Griffin's Charlie Munger, that book has finally arrived. -- Joshua M. Brown, CEO, Ritholtz Wealth Management, author of Backstage Wall Street
Griffin is better than anyone else at explaining the most important ideas from the best and brightest minds in business and investing in a way people can easily understand. This book is overflowing with wisdom. Readers will receive a master's degree in decision making, investing, human psychology, and much more. The definitive book on Warren Buffet's business partner. -- Ben Carlson, author of A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan
Munger's life is about facing reality, from personal relationships to lofty financial transactions. Griffin demonstrates how Munger sees 'possible' where others see the opposite. How Munger sees the weeds in the river yet also the wonderful fish swimming there. -- Janet Lowe, author of Damn Right: Behind the Scenes with Berkshire Billionaire Charlie Munger
Charlie Munger is one of the greatest thinkers of our time. Combine his wisdom with Griffin's ability to synthesize thoughts and this book is truly a work of wisdom. It will guide you on how to think differently, which is the most important―and most lacking―skill among business leaders and investors. -- Morgan Housel, author of Everyone Believes It, Most Will Be Wrong: Motley Thoughts on Investing and the Economy
Griffin does an extraordinary job of curating, synthesizing, and organizing the vast wisdom Munger has left for humanity. -- Shane Parrish ― Farnam Street
treasure trove of observations and comments by Mr. Munger, Warren Buffet's investment expert. -- Nancy K. Webman ― Pensions & Investments
All who are interested in finance will want this book.... Highly recommended. ― Choice
If you put it down feeling as if you haven't learned enough, blame yourself, not the author. ― Better Investing
Well-organized and thoughtful.... Griffin expertly displays how Munger's own ideas both emerged from, and later departed with the intellectual foundations laid by [Ben] Graham. ― The Charlieton
About the Author
Tren Griffin works at Microsoft. Previously, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw, with investments in the telecommunication and software industries, including McCaw Cellular, Nextel, Nextel Partners, XO Communications, Teledesic, and many start-up firms. His early career included five years working and living as a business consultant in Korea and Australia. Tren blogs about investing and other topics at 25iq.com. He is the author of The Global Negotiator: Building Strong Business Relationships Anywhere in the World; Korea, The Tiger Economy; Taiwan's Economy; Ah Mo: Legends from the Northwest; and More Ah Mo.
Product details
- Publisher : Columbia Business School Publishing
- Publication date : September 15, 2015
- Language : English
- Print length : 224 pages
- ISBN-10 : 023117098X
- ISBN-13 : 978-0231170987
- Item Weight : 15.5 ounces
- Dimensions : 6.1 x 0.9 x 9.1 inches
- Best Sellers Rank: #678,781 in Books (See Top 100 in Books)
- #238 in Introduction to Investing
- #301 in Investment Analysis & Strategy
- #323 in Stock Market Investing (Books)
About the author
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Tren Griffin is an executive at Microsoft. Before joining Microsoft, Tren was a partner at the private equity firm Eagle River which makes investments telecommnications busnessses and startups. He previously worked as a consultant in Australia and Korea. He writes the www.25iq.com blog and is active on Twitter.






