#79 Charlie Munger (The Complete Investor)

This book is an updated version of Michael Moritz's 1984 classic, 'The Little Kingdom: The Private Story of Apple Computer.' It tells the story of Apple's first decade alongside the histories of Steve Jobs and Steve Wozniak. The book brings readers inside the childhood homes of Jobs and Wozniak, records how they dropped out of college and founded Apple in 1976, and follows the fortunes of the company through the mid-1980s. The new material tracks the development of Apple to the present and offers an insider’s profile of Jobs, whose genius made Apple the powerhouse it is today. The book provides detailed insights into the early days of Apple, including the personal histories of its founders and key players like Mike Scott, Mike Markkula, and Rod Holt[2][4][5].

This book presents the essential steps of Charlie Munger's investing strategy, condensed from various sources such as interviews, speeches, writings, and shareholder letters. It is based on Ben Graham's value-investing system and includes commentary from fund managers, value investors, and business-case historians. The book is not only about investing but also about cultivating mental models for life, emphasizing the importance of 'elementary, worldly wisdom' in making rational and successful investment decisions.

In 'Fooled by Randomness', Nassim Nicholas Taleb discusses the pervasive influence of chance and randomness in our lives and financial markets. The book argues that humans tend to underestimate the role of luck and overestimate the role of skill, leading to biases such as hindsight bias, survivorship bias, and the narrative fallacy. Taleb emphasizes the importance of recognizing and coping with uncertainty, and he critiques the tendency to seek deterministic explanations for random events. The book is part of Taleb's Incerto series, which also includes 'The Black Swan', 'The Bed of Procrustes', 'Antifragile', and 'Skin in the Game'.

This book is a compendium of quotes from Charlie Munger, culled from interviews, speeches, and questions and answers at the Berkshire Hathaway and Wesco annual meetings. It offers insights into Munger’s remarkable financial success and life philosophies. Described by Business Insider as 'sharp in his wit and investing wisdom,' Munger’s investment tips, business philosophy, and rules for living are unique, intelligent, and successful. The book is structured similarly to The Tao of Warren Buffett and The Tao of Te Ching, with commentary by David Clark, coauthor of the Buffettology series.