Biography

Charlie Munger was the vice chairman of Berkshire Hathaway and Warren Buffett’s closest partner for over four decades. While often in Buffett’s shadow, Munger was the intellectual architect behind the transition of Berkshire from buying "cigar butts" to buying "wonderful businesses at fair prices." A lawyer by training and a polymath by nature, Munger was famous for his "multidisciplinary approach" to life and investing.

Investment Philosophy

Munger’s philosophy centered on the "Latticework of Mental Models." He believed that to be a successful investor, one must understand the big ideas from all major disciplines—physics, biology, psychology, philosophy, and more—and use them as a checklist for decision-making. He was a fierce advocate for extreme patience and concentrated investing, often saying that "the big money is not in the buying and the selling, but in the waiting."

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