Charlie Munger, the late vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, had little patience for easy answers. His ideas on success centered on discipline, rational thought, and putting long-term results ahead of a pleasant moment. That approach asks for real trade-offs. If you want uncommon results, Munger’s philosophy suggests there are […]
Charlie Munger spent decades studying why smart people do dumb things with their money and their lives. His explanation usually came back to temperament, and he had little faith that a high IQ could rescue someone who couldn’t control their feelings. Munger laid out these mental traps in his talk “The Psychology of Human Misjudgment”
Charlie Munger called Benjamin Franklin one of his heroes for most of his adult life. He even named his famous collection of speeches Poor Charlie’s Almanack as a nod to Benjamin Franklin’s Poor Richard’s Almanack. What drew Munger to Franklin was simple. Franklin got rich the slow and honest way, then spent his money and
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Charlie Munger spent decades as vice chairman of Berkshire Hathaway, and he had very little patience for small talk. He never wrote a guide for introverts, yet a lot of what he said fits quiet, inward people almost perfectly. He got rich by reading, waiting, and thinking for himself. Networking events had almost nothing to
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Charlie Munger spent decades as Warren Buffett’s partner at Berkshire Hathaway. He studied failure as closely as success, and he talked often about the small, repeated mistakes that quietly drain people’s finances. His advice was blunt. Avoid the obvious errors, and a lot of good things will take care of themselves, which goes a long
Charlie Munger spent decades as Warren Buffett’s business partner and vice chairman of Berkshire Hathaway. He got rich slowly, by reading constantly, spending carefully, and refusing to do dumb things with his money. He had no secret formula to sell. What he left behind is a short list of habits that sound obvious on paper
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Most people knew the late Charlie Munger as Warren Buffett’s partner and the longtime vice chairman of Berkshire Hathaway. Fewer people know that he started out as a lawyer in Los Angeles and later ran his own investment partnership before joining Buffett full-time. Those early jobs taught him how money really changes hands. Strip away
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Charlie Munger spent more than four decades as Warren Buffett’s partner at Berkshire Hathaway. He was famous for his blunt opinions, and many of his sharpest were about things smart people should avoid if they want to build wealth. Munger often said that he and Buffett gained a long-term edge simply by trying to consistently
Charlie Munger lived to 99, and he never got rich by chasing whatever was hot. He spent decades as Warren Buffett’s partner at Berkshire Hathaway, and his advice on money remained almost boringly simple throughout. He wanted to own things that grew more valuable every year. Sometimes that meant shares of a great business, and
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Charlie Munger passed away in November 2023, a little over a month short of his 100th birthday. He spent most of his career as Warren Buffett’s partner at Berkshire Hathaway, answering shareholder questions with a bluntness that made him famous. He never published a tidy list of rules for getting rich. If you read his
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Charlie Munger spent decades as Warren Buffett’s partner at Berkshire Hathaway. Plenty of people admired him for the fortune he built, but just as many studied him for the way he thought. He had little patience for IQ scores or fancy credentials as proof of a great mind. In his view, a sharp intellect revealed
Charlie Munger spent decades as Warren Buffett’s business partner at Berkshire Hathaway. For a man so admired for winning, he had an odd habit of thinking hard about losing. He called the method inversion. Figure out what reliably ruins a life, and then stay far away from those things. Munger laid out a version of
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Charlie Munger was Warren Buffett’s business partner for decades, and his thinking helped shape the vast operations of Berkshire Hathaway. He had little patience for complicated formulas or for investors who made emotional decisions. His approach rested on a short list of plain ideas that he stuck with for a very long time, through economic
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Charlie Munger had little patience for foolishness, and he spent much of his 99 years cataloging it. He thought raw intelligence was overrated as a predictor of good outcomes. What interested him more was why bright people keep doing dumb things. “It is remarkable how much long-term advantage people like us have gotten by trying
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Plenty of people wear exhaustion like a badge. They brag about 80-hour weeks and back-to-back calls, and an empty afternoon makes them nervous. Charlie Munger had no use for any of that. The longtime vice chairman of Berkshire Hathaway spent most of his days reading in a chair, and he still became one of the
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Charlie Munger spent decades as Warren Buffett’s partner and the Vice Chairman of Berkshire Hathaway. He died in November 2023 at age 99, and people still quote him all the time, mostly about investing. His advice on how to live gets far less attention, which is a shame. Munger thought small mental habits added up
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Charlie Munger died in November 2023, about a month shy of his 100th birthday. He spent decades as Warren Buffett’s partner at Berkshire Hathaway, and he stayed sharp, funny, and blunt right up to the end. People who expect a list of happiness tips from Munger usually walk away surprised. He had no morning routine
Ask most people what would make them happier, and they’ll describe something they want to add. It might be a raise, a bigger house, or the long trip they keep pushing back to next year. Charlie Munger went the other way. He spent decades arguing that a decent life comes mostly from cutting out the
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“Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.” – Charlie Munger Charlie Munger spent most of his 99 years watching smart people wreck their own lives. Bad luck was rarely the cause. He kept coming back to four mental habits he named again and again: envy, resentment, revenge, and self-pity. Munger
Charlie Munger lived to 99 and spent most of those years studying why smart people wreck their own lives. He didn’t think the cause was usually a lack of brains. His view was blunter. Most ruin comes from a handful of bad habits that almost anyone can avoid, and he named them again and again
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