Book Recommendations Charlie Munger

10 Book Recommendations from Charlie Munger

Charlie Munger is an American businessman, lawyer, investor, and philanthropist. He is vice chairman of Berkshire Hathaway. Despite his success and busyness, he is an avid reader. He says, “In my whole life, I have known no wise people (over a broad subject – matter area) who didn’t read all the time – none. Zero. You’d be amazed at how much Warren reads – and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

Here are 10 book suggestions from the tycoon:

1. Fiasco: The Inside Story of a Wall Street Trader

“This book will make you sick,” claims Shane Parrish of Farnam Street.

2. The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy

We all want to make wise financial and investment decisions and this book would give us some guidelines and the right focus to achieve that.

3. Faraday, Maxwell, and the Electromagnetic Field: How Two Men Revolutionized Physics

According to Shane Parrish of Farnam Street, “it’s just the best book of its kind I have ever read, and I just hugely enjoyed it. Couldn’t put it down.”

4. Andrew Carnegie

I enjoy reading biographies because I feel that there’s much to learn from the lives of others, especially that of an industrial genius, philanthropist, and enigma.

5. Titan: The Life of John D. Rockefeller, Sr.

Titan traces Rockefeller’s life from his humble origins as the son of snake-oil salesman to becoming the world’s richest man by creating America’s most powerful and feared monopoly, Standard Oil

6. Guns, Germs, and Steel: The Fates of Human Societies

Recommended by both Bill Gates and Munger. Enough said.

7. The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

A best-selling exploration of why some nations achieve economic success while others don’t. It’s never a simple reason and there are deep-lying reasons.

8. Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company

Munger isn’t the only one who liked this book by Intel’s Andy Grove. Steve Job also recommended it. “This book is about one super-important concept. You must learn about Strategic Inflection Points, because sooner or later you are going to live through one,” he said.

9. Influence: The Psychology of Persuasion, Revised Edition

A classic on persuasion from Robert Cialdini. A frequent and persistent recommendation from Munger.

10. How the Scots Invented the Modern World: The True Story of How Western Europe’s Poorest Nation Created Our World & Everything in It

The only Scot I know is Sir Alex Ferguson. This book will reveal how some of big names in history like Francis Hutcheson, Adam Smith, and David Hume came from Scotland and contributed to the world.

Have this list inspired you to start reading? It’s never too late to get started.

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