September 17th, 2015
“There are many great investments that Munger has made, but arguably none was more important than the purchase of See’s Candies. It was the first investment made by Munger and Buffett for which they paid a purchase price reflecting a bargain based on qualitative factors.” — Tren Griffin
This week our featured book is Charlie Munger: The Complete Investor, by Tren Griffin. Today, we are happy to present an excerpt from an interview with Tren Griffin, conducted by Ky Trang Ho and originally posted at Forbes. In the interview, Griffin and Ho discuss the inspiration behind the book, some of Charlie Munger’s greatest investment hits, Munger’s greatest investment failures, and much more!
Don’t forget to enter our book giveaway for a chance to win a free copy of Charlie Munger: The Complete Investor!
Berkshire’s Charlie Munger: The Legendary Investor’s Strategy And Best ETF, Mutual Fund Picks
Ky Trang Ho and Tren Griffin
Ho: What inspired you to write a book about Charlie Munger?
Griffin: During the peak of the Internet bubble I began to search for an explanation of what was happening in the world since it made little sense to me at that time. Far too much paper wealth was being created far too quickly for what was happening during this bubble to be real. I had for many years been aware of the work and writing of Warren Buffett but decided at that time to re-read his work and think about it much more deeply.
I took off a full week from work to re-read everything he had ever written and think about it. As part of that process I was attracted more and more to the ideas and methods of Charlie Munger who was mentioned and talked about in this material written by and about Buffett. To understand Munger better I decided to compile his work from various sources into a private book written just for me. Writing about anything helps you understand the topic better. It forces you to think everything through from start to finish.
Warren Buffett has said that if you can’t write it down, you have not thought it through. As I compiled the material and wrote about Munger I began to understand his methods better and that they are applicable far beyond investing. Read the rest of this entry »