Book List

Charlie-Munger-Quote-2

Wisdom Acquisition Process

  • Read 500 high quality pages a day.
  • Spend a lot of time sitting and thinking.
  • Master the best of what other people have already figured out.
  • Structure your knowledge within a latticework of mental models.
  • Apply what you learn.

My Book List

Investing:

Biography:

Economic History:

Psychology:

Social Sciences

Motivational & Self-Help:

Writing:

Science:

Statistics & Decision Analysis:

Programming:

Poker:

Demography:

Checklists:

Collection of Talks, Articles, Studies, Annual Letters, Book Lists & Quotes on Reading:

Talks:

Articles:

Studies:

Annual Letters:

Book Lists:

PDFs:

Resources:

Singapore Stocks

Quotes:

Charlie Munger-Quote

 

Charlie Munger on Reading and Thinking:

  • “Wisdom acquisition is a moral duty.  It’s not just something you do to advance in life. (repeats) Wisdom acquisition is a moral duty.  And there’s a corollary to that proposition which is very important.  It means that you’re hooked for life-time learning.  And without lifetime learning, you people are not going to do very well.  You are not going to get very far in life based on what you already know.  You’re going to advance in life by what you’re going to learn after you leave here (University).” –  Charlie Munger
  • “The skill that got Berkshire through one decade would not have sufficed to get it through the next decade with the achievements made.  Without Warren Buffett being a learning machine, continuous learning machine, the track recrod would have been absolutely impossible.” – Charlie Munger
  • “In my whole life, I have known no wise people who didn’t read all the time – none, zero. You’d be amazed at how much Warren(Buffett) reads – at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.” – Charlie Munger
  • “The game of life is the game of everlasting learnings.  At least it is if you want to win.” – Charlie Munger
  • “Go to bed a little wiser than when you woke up.  Boy does that help, especially when you have a long run ahead of you.” — Charlie Munger
  • “You could hardly find a partnership in which two people settle on reading more hours of the day than in ours,” — Charlie Munger
  • “We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t know what to do with them” — Charlie Munger
  • “The ability to destroy your ideas rapidly instead of slowly when the occasion is right is one of the most valuable things. You have to work hard on it. Ask yourself what are the arguments on the other side. It’s bad to have an opinion you’re proud of if you can’t state the arguments for the other side better than your opponents. This is a great mental discipline.”
    Charlie Munger
  • “The game of life is the game of everlasting learning. At least it is if you want to win.” – Charlie Munger
  • I met the towering intellectuals in books, not in the classroom, which is natural. I can’t remember when I first read Ben Franklin. I had Thomas Jefferson over my bed at seven or eight. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.  – Charlie Munger
  • “[When Charlie was 19 enlisted in the army during world war II] I said I wanted a lot of children, a house with lots of books, and enough money to have freedom.” – Charlie Munger
  • “I am a biography nut myself, and I think when you’re trying to teach the great concepts that work, it helps to tie them into the lives and personal ties of the people who developed them.  I think that you learn economics better if you make Adam Smith your friend.  That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent dead who had the right ideas, I think it will work better in life and work better in education.  It’s way better than just giving the basic concepts.” – Charlie Munger
  • “If civilization can progress only when it invents the method of invention, you can progress only when you learn the method of learning…and nothing has served me better in my long life than continuous learning.  And if you take Warren Buffett, if you watched him with a time clock, I would say half of all the time that he spends is just sitting on his ass and reading.  And a big chunck of the rest of the time is spent talking one on one, either on the telephone or personally, with highly gifted people whom he trusts and who trust him.” – Charlie Munger

Warren Buffett on Reading and Thinking:

  • “I just read and read and read. I probably read five to six hours a day” – Warren Buffett
  • “Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.” — Warren Buffett
  • “I just sit in my office and read all day.” — Warren Buffett
  • “read 500 pages like this every day. That’s how knowledge builds up, like compound interest.”— Warren Buffett
  • “We don’t read other people’s opinions. We want to get the facts, and then think.”— Warren Buffett