![]() That’s what human enterprises need to run well. There’s integrity, intelligence, experience and dedication. ![]() Remember that reputation and integrity are your most valuable assets-and can be lost in a heartbeat. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control. I had Thomas Jefferson over my bed at seven or eight. I can’t remember when I first read Ben Franklin. I met the towering intellectuals in books, not in the classroom, which is natural. Munger’s wisdom is featured in such best-selling books as Janet Lowe’s Damn Right!: Behind the Scenes with Charlie Munger (2003,) Peter Bevelin’s Seeking Wisdom: From Darwin to Munger (2007,) and the compilation Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger is a significant benefactor of the University of Michigan and Stanford University. He is a voracious reader and engages in books on history, science, biography, and psychology. Munger has claimed that he is a generalist for whom investment is only one of a broad range of interests that include architecture, philosophy, philanthropy, investing, yacht-design, etc. He is also the chairperson of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation. ![]() Munger served as chairperson of Wesco Financial Corporation from 1984 through 2011. He started practicing law in Los Angeles but gave up his practice at the urging of Warren Buffett to focus on managing investments and developing real estate. After the war, he entered Harvard Law School without an undergraduate degree and graduated in 1948 with a J.D. At age 17, Munger attended the University of Michigan but dropped out to enlist in the military during World War II. Munger is famous for his “elementary world wisdom” system that emphasizes fact-based data analysis and overcoming emotion in decision-making.īorn in Omaha, Nebraska, Munger worked as a teenager in a grocery store owned by Buffett’s grandfather. He is the vice-chairman of the investment conglomerate Berkshire Hathaway and is a business partner of Berkshire’s renowned founder, Warren Buffett. Charlie Munger (b.1924,) fully Charles Thomas Munger, is an American investor and philanthropist. ![]()
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