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Biographies & Memoirs
Biographies & Memoirs
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The irreplaceable partner of Warren Buffett. Charlie Munger, invaluable partner of Warren Buffett and insightful vice chairman of Berkshire Hathaway, is one of the greatest investors in the world. Munger's system has guided many generations of successful investors for forty years. Tren Griffin presents the key steps of Munger's investment strategy, condensed for the first time in this book. Elements from interviews, speeches, writings, and letters to shareholders are combined with comments from fund managers, value investors, and historians who deal with the theory and practice of business. The book is not only about investments but also about cultivating mental models for the entire spectrum of life.
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The book, in its extensive scope, lacks a continuous text structure that develops a theory or analyzes and synthesizes concepts to reach a conclusion. It consists of excerpts that Charlie once wrote or expressed in a press conference, in an article published in the press, or in a board of directors meeting. It mentions rules that he applied in the American stock market when investing, in conditions of buying companies and stocks that he applied and achieved respectable returns... but here in Greece, the Balkans, etc., these rules do not have practical value in my estimation, and moreover, societies and economies have changed in the last 15 years.
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