Those residencies are named on his name. His generously and philanthropy is not limited for lawyers only, he also contributed for the reconstruction of Green Library. Specifically he made the following donations.

Munger spends most of his days reading, learning and thinking, rather than doing – he doesn’t make a lot of investments. He attributes a great deal of his success to reading and said that: The Years of Lyndon Johnson: The Path to Power by Robert Caro (1982). Munger allegedly recommended this book at the 2004 Wesco annual meeting. Munger is vice chairman of Berkshire Hathaway’s board of directors, serving as Warren Buffett’s right-hand man.it’s pretty hard to understand everything, but if you can’t understand it, you can always give it to a more intelligent friend. social proof. В большинстве случаев полезная штука: веди себя так, как ведёт большинство людей вокруг и скорее всего у тебя всё будет хорошо. Эта тенденция сложилась эволюционно (когда твои соплеменники бегут от разъяренного мамонта, скорее всего тебе тоже надо бежать), но работает и сегодня (если в незнакомом месте на пляже много парней прыгает с причала в воду, скорее всего там достаточно глубоко, чтобы не убиться). При этом, иногда social proof работает отрицательно для человека, заставляя его принимать иррациональные решения: эйфория на финансовом рынке, покупка биткоинов, открытые аукционы. Four main companies account for the bulk of the portfolio; Wells Fargo (by far the largest position around 70% of portfolio), Bank of America, U.S. Bancorp and Korean steel producer Posco. The safest way to try to get what you want is to try to deserve what you want. It is such a simple idea. It is the golden rule. You want to deliver to the world what you would buy if you were on the other end.”

From human evolution to the psychology of persuasion, find Charlie Munger’s reading list below. Complement with the bookshelves of Warren Buffet, Bill Gates, Elon Musk, and Richard Branson. It's extremely rare (and generous!) to read a book written by successful businessman with his life&business decision-making framework openly laid out before reader's eyes. Even rarer still is to see that author is also a pure intellectual, striving for science-like clarity and validity of his ideas. People calculate too much and think too little," Munger says. "Part of [having uncommon sense] is being able to tune out folly, as opposed to recognizing wisdom. If you bat away many things, you don't clutter yourself."

But he was a very good writer and a very good teacher and a brilliant man, one of the only intellectuals — probably the only intellectual — in the investing business at the time.” — Charlie Munger The Wall Street Journal September 2014 .

Master’s Class: Berkshire Hathaway’s vice chairman shreds the conventional wisdom on foundation investing– March, 1999This is a book that talks a lot about how great and wise Charlie Munger is, but comes up a bit short in the actual wisdom-dispensing department. The one-liner for this book is basically “Be wise, don’t fool yourself, and make the right decisions.” Thanks Charlie. I’ll get right on that. Charlie Munger is best known for his career as Vice-Chairman of Berkshire Hathaway Corporation and for being Warren Buffett’s right hand man. He is also chairman of the Daily Journal Corporation and has been instrumental in the Journal’s growth over the past six years. For investors unable or unwilling to follow his central (and repeated) advice and develop multiple mental models through which to assess risks and opportunities, indexing is his preferred option. In his opinion, both academic theory and Wall Street fail retail investors, and while indexing is far better than the alternative flawed approaches (which mostly benefit Wall Street and not investors), he has specific advice for those wishing to best the averages.