Charlie Munger: The Complete Investor (Columbia Business School Publishing)

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Subtitle: The True Story of How Western Europe’s Poorest Nation Created Our World and Everything in It In Living Within Limits, Garrett Hardin — the author of the seminal “ Tragedy of the Commons” essay — argues that our planet’s resources are finite, suggesting that the human population can’t grow forever and that we may have to make hard choices in the future. Guns, Germs, and Steel I find it quite useful to think of a free-Market economy – or partly free Market economy – as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.” Hagstrom notes that this investing strategy – called focus investing – relies on the underlying business’s financials. So while you don’t have to be a financial whiz to leverage it, you may want to brush up on your foundational knowledge with our “best investing books” recommendation list. How the Scots Invented the Modern World A Lesson in Elementary, Worldly Wisdom as It Relates to Investment Management and Business", University of Southern California Marshall School of Business, April 14, 1994 (Read online)

Man’s Search for Meaning by Viktor Frankl (1946). Although this title appears on nearly every Charlie Munger reading list, we have been unable to definitively confirm that he has ever talked about the book.

Books recommended by Charlie Munger:

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy by Robert G. Hagstrom Grove gives us an inside account of how he, virtually overnight, changed the path of Intel forever. Munger grew up during the ‘30s Great Depression, when he helped his family by working to earn his own money. During the Second World War, he started to major in mathematics but, as there was a high demand for military service, enlisted in the Army Air Corps during his second college year. He was sent to study general science and engineering, and afterwards trained to become a meteorologist – then essential to flyers. After being discharged from the Army Air Corps at the end of the war, he graduated from Harvard Law School with magna cum laude. At first, Buffett was reluctant to pay more than book value because he was schooled in value investing. However, Munger was adamant that he do the deal.

No two human beings are exactly alike. But why does every individual have a unique personality? Judith Rich Harris explores this in No Two Alike, arguing that what we all share as humans is what makes us so different from each other. The Martians of Science

About the Author

An autobiography of Nobel laureate Herbert A. Simon, a remarkable polymath who more people should know about. In an age of increasing specialization, he’s a rare generalist — applying what he learned as a scientist to other aspects of his life. Crossing disciplines, he was at the intersection of “information sciences.” He won the Nobel for his theory of “bounded rationality,” and is perhaps best known for his insightful quote “A wealth of information creates a poverty of attention.” (Also part of five books that will change your life.)