Charlie Munger: The Fundamental Algorithm of a Successful Life
Life rewards those who apply the right algorithm
Charlie Munger is vice chairman of Berkshire Hathaway, a company he has worked at for almost his entire career. He is also Warren Buffett’s partner and friend. He is one of the most influential people in the world of investing.
In addition to being an intelligent investor, Charlie Munger is also an excellent speaker. In various interviews and speeches, Mr Munger shares many life lessons that have helped him become the person he is today.
In his book Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Charlie Munger reveals his models for decision-making, rationality, and success.
Munger is a voracious reader. “Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day,” he once said.
He can also remarkably simplify the complex investing world with just a few phrases. His methods are simple but powerful tools to cut through complexity and see things as they really are.
Munger operates primarily by using mental models — a way of seeing the world that cuts through complexity by focusing on what’s important and ignoring the rest.
