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The Tao of Charlie Munger
256 pages, 2017
Businessman Charlie Munger's thoughts on success were gathered and interpreted by David Clark, a coauthor of the bestselling Buffettology series. Born in Omaha, Nebraska in 1924, Munger studied mathematics at the University of Michigan and trained as a meteorologist at Cal Tech Pasadena while in the Army.
He graduated magna cum laude from Harvard Law School without ever earning an undergraduate degree. Today, he is one of America's most successful investors and Vice Chairman of Berkshire Hathaway—Warren Buffett's business partner for almost forty years. Buffett says, "Berkshire has been built to Charlie's blueprint. My role has been that of a general contractor." Munger is an intelligent, opinionated businessman whose ideas can teach professional and amateur investors how to be successful in finance and life.
In 'The Tao of Charlie Munger', David Clark explores the importance of patience in investment. Munger believes that good things come to those who wait. So, if you're looking to make a quick buck, this might not be the book for you. But if you're willing to wait and let your investments grow over time, you'll find a lot of value in Munger's wisdom.
Munger is a big believer in continuous learning. He thinks that the more you know, the better decisions you'll make. This book encourages you to always be curious, to research and to never stop learning. It's a great reminder that knowledge is power, especially when it comes to investing.
David Clark highlights Munger's belief in simplicity. Munger thinks that the best investment strategies are often the simplest ones. So, if you're feeling overwhelmed by all the complex investment advice out there, take a look at this book. It might just help you see things in a simpler, clearer light.
In this book, you'll find that Munger places a high value on ethics. He believes that being honest and fair is not just the right thing to do, but also the most profitable in the long run. This is a refreshing perspective in a world where many people are just out to make a quick buck.
Munger is a big believer in rational thinking. He thinks that emotions often lead to bad investment decisions. In 'The Tao of Charlie Munger', you'll see how important it is to stay calm and rational, even when the market is going crazy. This book will help you keep your cool in any investment situation.
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