Combine his wisdom with griffins ability to synthesize thoughts and this book is truly a work of wisdom. Charlie munger was born in omaha, nebraska like warren buffett in 1924. And i think to some extent, before you are going to be a great stock picker, you need some general education. Munger on human misjudgments munger on the psychology of human misjudgment. Charlie munger and warren buffett met in 1959 and got along immediately. Strengths and faults after considering interdisciplinary needs herb kay undergraduate lecture university of california, santa barbara economics department by charles t. We have provided both the original audio file as well as a pdf transcription created. In all his talks, he shows wit, rationality, and incredible clarity of thought. And the great useful model, after compound interest, is the elementary math of permutations and combinations. Charlie mungers speech to the harvard school, june 1986.
I am very interested in the subject of human misjudgment, and lord knows ive created a good bit of it. Download it once and read it on your kindle device, pc, phones or tablets. Some of you have asked if i would be willing to share my list of models. Charlie mungers speech at harvard university circa june 1995 about the. Sep 19, 2014 charlie munger, business partner of warren buffett and vice chairman of berkshire hathaway, recently did an interview with jason zweig published by the wall street journal. The psychology of human misjudgment 2005 pdf hacker news. Mark twain used to say, a mine is a hole with a liar on the. These were combined into this talk that was never made about 25 different biases that actually are the cause of most bad decisions that people make. In this speech at harvard, know as the psychology of human misjudgment, charlie discusses his 24 rules. In 2007, munger gave a commencement speech at the university of southern california school of law. Charlie munger on human misjudgement a wealth of common. For two hours charlie captivated the audience with an abundance of whit, wisdom, and stamina. Complete charlie munger usc law commencement speech. A speech and qvesvesa with billionaire charlie munger.
Mar 31, 2015 the full charlie munger usc law commencement speech from may 2007. Jan, 20 audio of the often referred to speech by charlie munger on the psychology of human misjudgement given to an audience at harvard university circa jun 1995. Munger, then revised to make mungers use easy as he seeks to avoid. In multiple speeches, and in the book poor charlie s almanack. Poor charlies almanack by charlie munger book summary. Byds sales went down because the chinese reduced the incentives they were giving to buyers of electric cars. Charlie munger on the psychology of human misjudgment mill.
Being smart and doing something that no one has done before are two different things. Charlie munger on the psychology of human misjudgment speech at harvard university estimated date. Munger, vice chairman of berkshire hathaway, is warren buffetts partner at. By all appearances, charlie munger doesnt seem like an interesting man. A conversation with charlie munger dubridge distinguished visitor lecture 2008 in 2008, charlie munger spoke at caltech, offering some of his most incisive, cutting, and original thoughts.
Munger s worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Get the entire 10part series on charlie munger in pdf. Complete charlie munger usc law commencement speech may. He gave three separate talks ranging from about 20 to 23 years ago. Poor charlies almanack is a collection of charlie munger s best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. Army air corps during wwii and was one of the few who managed to be commissioned as an officer without a college degree. Click here to see links to columns and notes from the berkshire hathaway and wesco annual meetings. Poor charlies almanack by charlie munger book summary and pdf. Save it to your desktop, read it on your tablet, or email to. Well, im not very sure im the worlds expert on the future of electric vehicles, except i think theyre coming generally and somebodys going to make them. The psychology of human misjudgment by charlie munger. Charlie munger is the lower profile half of a duo that have turned berkshire hathaway from a near bankrupt new england textile operation into the worlds fifth most valuable company. Charlie mungers tendencies of human misjudgment novel.
Apr 21, 2019 billionaires charlie munger and warren buffett are a match made in heaven. There is a copy in poor charlie s almanack, which i dont like the edits and a good version on oid, but their web site is down and i lost my oid issue. I like to think that the development department had nothing to do with it. In multiple speeches, and in the book poor charlies almanack. May 5, 1995 the theory of modern education is that you need a general education before you specialize. Mental models introduction youve got to have models in your head and youve got to array your experience both vicarious and direct onto this latticework of mental models. Jun 16, 2014 every year, tens of thousands of people fly in from all parts of the world to attend berkshire hathaways annual conference to listen to two of the greatest minds today. Dec 21, 2017 charlie munger spoke at university of michigan ross school of business on december 20th 2017 and we produced a transcript of the 55 minute or so talk this may contain mistakes and is for information purposes only we will update the text with some minor editoral changes soon, regardless please keep that in mindd. Carson admitted in his original speech that he had tried drugs on. Charlie munger talk at ross university full transcript. The psychology of human misjudgement charlie munger full speech. That enables me to start talking about worldly wisdom a much broader topic that interests me because i think all too little of it is delivered by modern. The interview covers a vast array of topics from bitcoin to his early life. This week i had the great pleasure of hearing charlie munger speak at the daily journal annual meeting for the second time.
Im going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. Charlie munger s usc law commencement speech, may 2007. The psychology of human misjudgement charlie munger full. Well no doubt many of you are wondering why the speaker is so old, well the answer is obviously he hasnt died yet. This speech was originally delivered by charlie munger to an audience at harvard university in 1995. Charlie mungers tendencies of human misjudgment novel investor. In 1995, charlie munger gave a speech about how the human mind tricks itself into making poor decisions. Speeches and writings by warren buffett and charlie munger. Full text of speech the psychology of human misjudgement by. Life lessons, success, principles and mental models from a titan of finance kindle edition by thorniley, dave. Munger is also chairman of publisher newspaper publisher daily journal corp. Underrecognition of the power of what psychologists call. Then i will try to solve the problem, assisted by my helpful general notions. This speech, given the harvard school in the mid 1980s, is worth returning to often.
The successes of charlies law firm, munger, tolles, and his hedge fund, wheeler. Jul 25, 2016 i found a pdf version which, unlike the link above, was not a scanned copy. As vice chairman of famed holding company berkshire hathaway, charlie munger is warren buffetts righthand man. Mungers worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems. Audio of the often referred to speech by charlie munger on the psychology of human misjudgement given to an audience at harvard university. Munger, along with buffett, is one of the main inspirations behind the book seeking wisdom. Used a web based pdf to doc converter, fixed some formatting and converted the. After working together for more than 40 years, the two still hold plenty of respect and admiration for one another. The best way by far to know charlie is to read poor charlies almanack. Com 2 about charlie munger charlie munger is warren buffetts longtime business partner and vice chairman at berkshire hathaway. Usc gould school of law, commencement speech, may, 2007 charlie munger well no doubt many of you are wondering why the speaker is so old. To fix that, below is a link to the checklist ive been using for many years now. Charlie mungers usc law commencement speech, may 2007. I have set up a bookmarks system in the pdf file to ease your.
Charlie munger gave an insightful speech on 24 standard causes of human. Charlie mungers 25 cognitive biases speech summary ignore. Poor charlies almanack is a collection of charlie mungers best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. Charlie mungers usc law commencement speech, may 2007 7. Jan 14, 20 2 thoughts on full text of speech the psychology of human misjudgement by charlie munger charlie munger on the psychology of human misjudgements finance and strategy thinking says. Billionaire charlie munger praises this 1 skill of. Life will have terrible blows in it, horrible blows, unfair blows. May 19, 20 the funny thing is the 1996 worldly wisdom stanford speech that i have been trying to locate is not their either. Charlie munger more people would benefit from charlie if his thoughts were more accessible and if he was as prolific a writer as he is a reader.
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