Charlie Munger (Review and Analysis of Griffin's Book)
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About this ebook
This complete summary of the ideas from Tren Griffin’s book “Charlie Munger" gives an insight into the mind of Charlie Munger, one of the world's most successful investors and Warren Buffet's long-term partner. The author explains the three elements that compose the framework used by Munger when making investments; principles, the "right stuff" and variables. This summary will give you the techniques used by one of the best in the industry so that you can achieve your own success.
Added-value of this summary:
• Save time
• Understand the key principles
• Expand your business knowledge
To learn more, read “Charlie Munger” and find out how you can become a successful investor by following one simple framework.
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Reviews for Charlie Munger (Review and Analysis of Griffin's Book)
3 ratings1 review
- Rating: 3 out of 5 stars3/5This ebook is readable but there are shortcomings. In parts it reads like average sophomore class notes. It starts with a good introduction to Value investing but, like an AI bot , it makes repetitive and over-generalised conclusions. Example: "Intrinsic value is always based on the present value of the firm's future cash flows." This isn't true. Graham also proposed the 'Net-Net' calculation, and the 'Graham Number' is yet another formulaic basis. A later statement in this ebook also makes it clear that even Munger and Buffett have their own particular and unique approaches to intrinsic valuation.
Book preview
Charlie Munger (Review and Analysis of Griffin's Book) - BusinessNews Publishing
Book Presentation: Charlie Munger by Tren Griffin
Summary of Charlie Munger (Tren Griffin)
Book Abstract
MAIN IDEA
Charlie Munger is one of the world's most successful investors. He is Warren Buffett's long-term partner and exactly one-half of the Berkshire Hathaway senior management team.
Like Warren Buffett, Munger was born and raised in Omaha, Nebraska where he still lives. Charlie Munger studied mathematics at the University of Michigan and then served as a meteorologist in the US Army during World War II. After the war, he studied law at Harvard Law School and upon graduation formed a law firm with a few partners which would ultimately become one of the nation's most prestigious legal practices. Despite that success, Munger left the legal profession to become a full-time investor at the urging of Warren Buffett who he met in California. From 1962 to 1975, Charlie Munger ran an investment partnership which generated 20-percent annual returns compared to 5-percent growth in the Dow Jones over the same time period.
So what is the secret of Charlie Munger's success as an investor? He and Warren Buffett both use a reasonably simple framework for thinking which has three elements:
Principles – Munger and Buffett are well-known advocates of the Graham value investing system.
The Right Stuff – Munger and Buffett always try and take the emotion out of their investment decisions and act rationally and dispassionately.
Variables – Munger and Buffett always add in their unique take on events as an integral part of their investment strategy.
About the Author
TREN GRIFFIN is a senior manager at Microsoft where he deals in strategy, competitive analysis and business development. He was