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.

Autorentext

Tren Griffin

Klappentext

A look at the methods and approach of Charlie Munger, Berkshire Hathaway's vice chairman and Warren Buffet's financial partner. Explains how to cultivate mental models for your whole life, but especially for your investments.

Zusammenfassung
This book presents the essential steps of Charlie Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and business-case historians. Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios.

Inhalt

Introduction

1. The Basics of the Graham Value Investing System
2. The Principles of the Graham Value Investing System
3. Worldly Wisdom
4. The Psychology of Human Misjudgment
5. The Right Stuff
6. The Seven Variables in the Graham Value Investing System
7. The Right Stuff in a Business
   Berkshire Math
   Moats
   Value Investing vs. Factor Investing
   Notes
   Glossary
   Bibliography