DONT CONFUSE SIMPLICITY WITH EASE.

The simplest way is invariably the best way.

Warren first met Munger in 1959 - Warren 29, Charlie 35.

WB and Munger are similar in thought processes; honest, realistic, profoundly curious and unfettered by conventional thinking.

Being surrounded by the right values as a child is an immense treasure.

Munger learnt from playing poker in the army to fold early when the odds are against you, or when you have a big edge back it heavily because you don't get a big edge often.

He worked from 6.30am until 5.30pm.

Munger's portfolio was more concentrated than WB's or Schloss's.

Between 62-69 Munger's return was 37% pa. However from 70-72 it only produced 13% pa and in 73 it dropped 32% (vs -13% for DJIA) and in 74 it dropped 32% (vs 23% for DJIA). In 75 it rose 73% and he liquidated the portfolio in 76. Over the 14 years 24% pa vs 6% for the market.

See's is a slow grower but its growth is steady and reliable and best of all it uoestn take additional infusions of capital.

Both GEICO and Amex were basically turnaround situations.

Excellent book! Finally found a great biography of Charlie Munger. Very detailed. His speeches at the end were like a cherry on top with hot chocolate.

Charlie Munger 1924-2023
Charlie Munger, Titan of Investing, Dies at 99 https://www.wsj.com/articles/charlie-...

Good, not great. Some interesting details on Munger’s deals outside of BRK.

A great book about Charlie Munger's life, his business and clarity of thought.

It was worth the read

More of the wisdom I was after came out further to the end and the appendix (speeches) were worth the read too.

Autobiography of a role model.

Charlie Munger is an interesting character - however, I read many biographies and this wasn't a lot of fun to read.

I only learned about Munger's genius a few months before he left us, and I wish I'd known him sooner!

This book "Damn Right!" is a MUST-READ for every young mind eager to learn about life, wisdom, and wealth. Don't miss out on this gem!

#MungerMagic #lifelessons #Book #biography

Never did I think I would laugh out loud so many times while reading this book. Charlie's off-the-cuff wit and endless flow of Mungerisms were hilarious. Munger and his partner Buffett are not your typical businessmen as they are more skilled than most and hold themselves to a higher moral standard than most. Despite reaching the pinnacle of success in a world dominated by personalities such as those seen in Liar's Poker, Barbarians at the Gate, and the like, Munger is a breath of fresh air as he approaches problems with uncommon sense and stays true to his Midwestern values.

Amazing book required multiple reading!!!

Great for someone who is looking for nuggets of life and investing wisdom. People who criticize this book are.mostly those who are not able to appreciate Munger's deeply insightful one liners. Overall a great read for BH fanatics.