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. Fixable but unfixed bad performance is bad character and tends to create more of it, causing more damage to the excuse giver with each tolerated instance.”

How do you get into these great companies? One method is what I’d call the method of finding them small get ’em when they’re little. Pride in Performance: Keep It Going! by Les Schwab (1986). Although it appears on nearly every Charlie Munger reading list, we have been unable to definitively confirm that he has ever talked about the book. 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 See’s has thus been able to distribute huge sums that have helped Berkshire buy other businesses that, in turn, have themselves produced large distributable profits. (Envision rabbits breeding.) What sets high achievers apart from everyone else? According to Malcolm Gladwell’s Outliers, we should pay less attention to what successful people are like, and more to the environmental and cultural influences on their lives. Yes!

In the annual Berkshire Hathaway and Wesco shareholder meetings and speeches, Munger recommends some books. The relevant books and sources are now organized as follows: A PDF entitled “The Best of Munger: 1994-2011 A collection of speeches, essays, and Wesco annual meeting notes” including :

This is not a book about finance, or how to beat the market -- nothing so narrow in scope. It is a book about how to think. How to analyze any situation. How to make wise decisions. In particular, he teaches how to build a flexibility of the mind by developing mental models through which to filter information we take in. The mapping of the human genome’s 23 chromosome pairs was arguably the most significant scientific breakthrough of the 20th century. In Genome, Matt Ridley spends a chapter on each chromosome pair, telling its story and discussing the history of our species. The Warren Buffett Portfolio A Matter of Degrees: What Temperature Reveals about the Past and Future of Our Species, Planet, and Universe The book is one of the primary business texts in North America. So it shouldn’t surprise you that I was first introduced to this as part of my MBA program.

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Another case in point of his generosity is his donations of three million dollars to the University of Michigan Law School in the year 2007, for upgrading lighting in Hutchins Hall and the William W. Cook Legal Research. Munger’s 2000 speech predicting “The Great Financial Scandal of 2003” is both witty and insightful about the then recent excesses of the dot.com boom and what eventually brought down companies such as Enron and WorldCom.

Warren by his own account spends 80% of his working days reading ( http://theweek.com/articles/460783/wa...). How many of us take those words to heart and read 4, 5, 6 hours a day? Griffin does an extraordinary job of curating, synthesizing, and organizing the vast wisdom Munger has left for humanity. Shane Parrish, Farnam Street Munger wanted to own a business that did not require continual investment, and spat out more cash than it consumed…Munger was always asking people, “What’s the best business you’ve ever heard of?” We tend, as human beings, to be rather narrow and rigid in our decision making - particularly in business. When we look at a business only through the books they keep, that is from only a financial perspective, we might miss seeing potential pitfalls of the business's management, or the potential of their research, or the unique market that they might be creating. He also writes about common pitfalls in lazy thinking and the benefits of disciplined analysis. That kind of decision-making skill can serve every area of our lives.Munger suggests that much of success in life isn't about having great strokes of genius; rather, it's about avoiding folly. We need to avoid addiction, avoid envy and resentment, avoid toxic and dishonest people, avoid making disastrous mistakes. In Guns, Germs, and Steel: The Fates of Human Societies, Jared Diamond argues that geographical and environmental factors played a significant role in the development of the modern world. At the end of every book I read, I like to do a little exercise that tries to summarize the book in three sentences. If the book was really good, I would struggle greatly as I fight to decide what concepts merit mention in the allotted three sentences. If it was not, it would be easy to write. With this book I can say it was quite a struggle. There is just so much in here worth internalizing.

Of course this is a condensed list of his recommendations. Consider this a look at one of Munger’s many bookshelves. For another shelf, see 19 More Book Recommendations from Charlie Munger.The book lays out the five principles of this negotiation strategy, and offers a step-by-step process for putting them into action. Influence Warren talked me into leaving the law business, and that was a very significant influence on me. I was already thinking about becoming a full-time investor, and Warren told me I was far better suited to that. The opportunities mentioned above are rare, They usually fall on constantly looking and waiting, People who are full of curiosity and keen to analyze various possibilities.” 2.3 Interdisciplinary model + multiple thinking