This reprint includes abridged materials from: Poor Charlie's Almanack —Expanded Third Edition— The Wit and Wisdom of Charles T. Munger ISBN-13 978-1-57864-501-5
Table of Contents:
FOREWORD Christopher C. Davis
1. HARVARD SCHOOL COMMENCEMENT SPEECH June 13, 1986
2. USC GOULD SCHOOL OF LAW COMMENCEMENT ADDRESS The University of Southern California May 13, 2007
3. THE PSYCHOLOGY OF HUMAN MISJUDGMENT Essay, May 2006
Charles Thomas Munger is an American business magnate, lawyer, investor, and philanthropist. He is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by Warren Buffett; in this capacity, Buffett describes Charlie Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
I know it's silly in some ways, but I love a good commencement speech. I want condensed wisdom. Bundle up a ball of good decisions and success and give it to me in like 20 minutes or less. It's like searching for the "answer key" to life... and yet acknowledging it doesn't exist.
And yet! I always learn something.
On Success was a random impulse buy at the local used bookstore. There are three chapters. The first two take up only about 25% of the book, and are Munger's two commencement speeches. The third chapter is a list of his 25 psychological tendencies, which overlapped with a host of cognitive biases.
I'm sure there's more wisdom in this little book than I realize. It'll be one I look at again.