Of course this is a condensed list of his recommendations. Consider this a look at one of Munger’s many bookshelves. For another shelf, see 19 More Book Recommendations from Charlie Munger. Munger’s speech at USC: “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management and Business”

Griffin does an extraordinary job of curating, synthesizing, and organizing the vast wisdom Munger has left for humanity. Shane Parrish, Farnam Street Charlie Munger, value investor, lawyer, philanthropist, Vice-Chairman of Berkshire Hathaway Corporation and Warren Buffett’s right-hand man. He is also chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation. The iron rule of communication from Carl (C.F.) Braun, who built over 250 petrochemical plants: If you're issuing a directive, you must specify Who is going to do What, When, Where and most importantly Why. Apparently not including the Why was a fireable offence. I think we can all agree that when the "WAcquire worldly wisdom and adjust your behavior accordingly. If you are new, behavior gives you a little temporary unpopularity with your peer group then to hell with them.” Einstein is responsible for developing some of the most important theories in physics, such as the theory of relativity. In Einstein: His Life and Universe, Walter Isaacson (who also wrote the most popular Steve Jobs biography) does more than simply explore this genius’s discoveries; he attempts to bring him to life, painting a portrait of a complex man that defies the common caricature of a mad but brilliant scientist standing before a chalkboard. Outliers Not only is Munger one of the smartest people on the planet—his lecture on The Psychology of Human Misjudgment is the best 45 minutes you might spend this year—but he’s put all of those brains to use in a practical way. I am a biography nut myself. And I think when you’re trying to teach the great concepts that work, it helps to tie them into the lives and personalities of he people who developed them. I think you learn economics better if you make Adam Smith your friend. That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent dead who had the right ideas, I think it will work better in life and work better in education. It’s way better than just being given the basic concepts.” 139

Make decisions on your own and be self-determining. After listing risks, you make decisions based on involved risks. Whatever you decide, you should be be self-determining regarding your decisions and actions. He is also a fan of biography books, he said, reading a biography is to make friends with the “dead great men”, but if you do become friends with the dead great men in your life, then you will live a better life and get better This is much better than just talking about some great principles.

About the Author

Rather than seeking out deep value, Munger looked for quality and during 1965 he convinced Warren Buffett to adopt the same style.