Why do we know Charlie Munger?

Updated on Financial 2024-06-02
9 answers
  1. Anonymous users2024-02-11

    Who is Charlie Munger, the man behind Warren Buffett, all in all, a very powerful person.

    <> have just finished reading a book closely related to him in the past two days, "Charlie Munger's Wisdom Investment Grid Theory".

    As far as the question itself is concerned, in fact, in my opinion, what we need is not to know Charlie Munger as a person, but to think behind him - interdisciplinary thinking.

    This is also the core theory of the book "The Wisdom of Charlie Munger", the so-called interdisciplinary thinking - the grid theory of investment.

    The central idea of the book is that true learning and sustained success belong to those who first build a grid mindsetPeople who then think in a holistic, diverse way.

    Charlie Munger believes that the various disciplines are intersecting and strengthened in the process of intersection, and that a person who loves to think will draw a very good thinking model from each discipline, and draw from each other in these important ideas to produce a coherent understanding.

    Therefore, in the book, he uses a certain knowledge point in biology, physics, psychology, sociology, literature, philosophy, mathematics and other disciplines to explain some investment phenomena or the reasons behind them.

    For example, equilibrium, which is often mentioned in physics, Newton's first.

    I. Second, the third law, in the final analysis, is talking about equilibrium, force is equilibrium, motion is equilibrium, corresponding to investment, the simplest economic theory of supply and demand is a certain equilibrium, and later game theory is also a dynamic equilibrium.

    For example, in biology, natural selection, the survival of the fittest theory, biology believes that no matter how evolution arises, what we have to remember is that change will always exist, and this principle is also applicable to investment and markets, whether gradual or sudden, the familiar paradigm will eventually collapse.

    The sooner we can understand this way of thinking, the sooner we can start to try to integrate this theory and put it into practice, the sooner we can benefit from it.

  2. Anonymous users2024-02-10

    Charlie Munger is Warren Buffett's partner, friend, and spiritual mentor. From each of Munger's public conversations or biographies, we can see the spiritual world and thinking perspective of an investment master.

    Munger insisted that one must be a maverick. This was the first thing I learned from Munger. Only by thinking independently can we have a clearer view of the world.

    No matter what the country, most people can't follow their hearts, and they always use the actions of others to guide their future actions.

    For example, following the crowd, being nosy, etc., is an unconscious behavior of people, and these behaviors waste a lot of our time and attention.

    Munger tells us that we must be mavericks, because making sure that we can think independently allows us to know ourselves and what our connection to the world is. Staying independent also generates innovative thinking.

    Second, Munger tells us to have our own mental model. He himself has hundreds of mental models available that guide him in solving most of the problems in his daily life. He advises us to have at least a few dozen important mental models.

    There are more than a dozen psychological models. I have used these, such as the endowment effect model and the anchoring effect model, which have solved the dilemma in my life very quickly.

    Three, Munger's children call him a two-legged bookshelf. His knowledge is so profound that Warren Buffett often learns new things from him.

    It is not an exaggeration to say that Munger is the spiritual and ideological mentor of all mankind, and his self-discipline, restraint, independence, studious and other qualities should be learned by every investor or professional person. He used his success to show us that every success is because we deserve it.

    Let us be a beacon.

  3. Anonymous users2024-02-09

    This is obviously a question that will only be asked on the basis of not knowing Charlie Munger, first of all, we need to briefly understand Charlie and his affairs.

    Charlie is a famous American investor, is the best partner of Warren Buffett, we all know the fame of the god of stocks, but we don't know about the people around him, so he actually misses a lot of important information, because the god of stocks must not be self-appointed, but someone else's reputation for Buffett, and how can there be any god of stocks in the world, some are just the best thinking of ordinary people, decisive perseverance, and some are just an excellent grasp of the timing. Charlie is the person who knows Buffett best, and learning from him can bring you in touch with the secret of Buffett's success, after all, Buffett's lunch is so expensive, and it has to be auctioned, you can't see it without financial strength, and Charlie's book is easy to get and can help you recognize the password of wealth.

    Charlie himself graduated from Harvard Law School, and if you know the status of law in the United States, it is very high, and Americans pay attention to two high-paying professions - lawyers and dentists. Charlie is excellent in his own right, and his most valuable quality is sincerity, and he will tell us all his life experiences and wise aphorisms in a simple way, in the book of poor Charlie.

    Now many knowledge services will recommend Charlie Munger, not without reason, because learning to understand Charlie can help us understand the current situation, plan for the future, accumulate wealth, and build a better life. This is the premise of knowing anyone, and that is for the sake of a better self.

  4. Anonymous users2024-02-08

    Charlie Munger is actually a thinker as well, and it will be very instructive to understand his life experience, and the unique ideas that have been formed on this basis.

  5. Anonymous users2024-02-07

    The first is thought, and all actions are generated from thought.

  6. Anonymous users2024-02-06

    It is a good thing to study more, such as the Chinese Analects, there must be my teacher in the threesome.

  7. Anonymous users2024-02-05

    What's the use of him not knowing me.

  8. Anonymous users2024-02-04

    Because I am too old, there is no tomorrow today

  9. Anonymous users2024-02-03

    Do you worship Charlie Munger, the god of stocks? Cheng Jia, the author of "Think Well", is the most loyal fan of Charlie Mang and Tangerine, and "Think Well" is another masterpiece of his "Study Well", which comprehensively analyzes Charlie Munger's thinking model, breaks the boundaries of disciplinary thinking, and broadens the pattern and boundaries of thinking patterns.

    Thinking allows us to see the difference, to see, to know, to do, and to know and act together. Learning is not about pursuing more knowledge, but about finding better decision-making. This better decision-making is based on widely proven principles and laws that Charlie calls mental models.

    We don't need to learn and understand all the knowledge, we only need to learn the most outstanding ideas in each subject, to grasp the most critical points, and we can solve most problems.

    Do you want to really master the pluralistic thinking model and Charlie's mind? Then you should be a person who is full of curiosity and willing to explore the effective strategies behind various problems, and discover the principles and laws behind phenomena. Rather than seeing learning as a task and a difficulty, it is a moral imperative to acquire wisdom.

    Charlie Munger is a true user of the multi-thinking model, he "takes slow as fast" and has a long-term perspective, he is a well-deserved stock god, and he is the smartest person in the world.

    "Think Well" is divided into four parts: 1. Introduce what is the thinking model and analyze the essence of its demolition.

    2. Teach you how to learn and master the thinking model efficiently.

    3. How to integrate the interdisciplinary thinking model into a knowledge system.

    4. How to use interdisciplinary thinking models to solve complex problems.

    The mental model was first proposed by Charlie Munger, do you want to be Charlie Munger? Think like him!

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