What are the big ideas Charlie Munger?

“Since no single discipline has all the answers,” Peter Bevelin writes in Seeking Wisdom, “we need to understand and use the big ideas from all the important disciplines: Mathematics, physics, chemistry, engineering, biology, psychology, and rank and use them in order of reliability.”

What Chinese stocks does Charlie Munger own?

Vice-Chairman of Berkshire Hathaway Inc (NYSE: BRK-A) and CEO Warren Buffett’s sidekick Charlie Munger doubled down on his firm’s investment in Alibaba in early October. Munger boosted its long position in Alibaba by over 80\% during Q3 of 2021, to over 302,000 shares.

Are Charlie Munger and Warren Buffet friends?

Warren Buffett and Charlie Munger have been friends for over 60 years and business partners since 1978. During that time, they’ve both become billionaires while building Berkshire Hathaway into a $630 billion investment giant.

How old is Charles Munger?

97 years (January 1, 1924)
Charlie Munger/Age

Does Charlie Munger own Alibaba?

The Street’s Kevin Curran has two iconic Wall Street legends in his sight – Berkshire Hathaway Vice-Chairman Charlie Munger and Alibaba Group (BABA) – Get Alibaba Group Holding Ltd. The big bet over the course of the quarter brings his total stake in the stock to over $50 million, not a small sum even for Munger.

When did Munger join Berkshire?

1978
In 1978, Munger became vice chairman of Berkshire Hathaway, a position he still holds.

Who is Charlie Munger married to?

Nancy Barrym. 1956–2010
Nancy Hugginsm. 1945–1953
Charlie Munger/Spouse

Does Charlie Munger have a wife?

Charlie Munger/Wife

What does Charlie Munger read all day?

“However, he does not waste time either, because he reads the newspapers he brought along.” The papers he reads include “The Wall Street Journal,” “The New York Times,” “The Financial Times” and “Los Angeles Times,” according to Munger. He’s also a weekly reader of “The Economist.”

What are the best books to learn about Munger’s thinking?

My recommendation is to start with Poor Charlie’s Almanack. This will help you understand how Munger thinks through mental models. Next, read Seeking Wisdom from Darwin to Munger. While not an easy read, this book provides a better structure and lays out the big mental models to look for.

Is there a list of the mental models that Munger uses?

Munger has never laid out the specific list of mental models he relies on. However, he has given us some valuable tips in his speeches and writings about how he uses modeling. As discussed above, he often returns to the idea that mental models are not necessarily useful on their own.

What can Charlie Munger teach us about making better decisions?

Once again, Charlie Munger and his mental models can teach us a hell of a lot about making better decisions. The concept of Bayes Theorem is another great mental model for the traders toolbox. This is a model that we can use to make better predictions and to improve our processes. The Bayesian approach can be applied to probability like so:

How many mental models do you need to understand the world?

Munger is simply arguing that you only need to understand a relatively small number of models in order to form a relatively accurate perception of the world. So, 80 to 90 mental models… that’s doable right?