“You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.” — Charlie Munger
Charlie Munger is the vice chairman of Berkshire Hathaway and the right hand man of Warren Buffett. Munger also sits on the board of retailer Costco and is the chairman of publisher Daily Journal Corp. He served as chairman of Wesco Financial Corporation from 1984 through 2011.
After graduating magna cum laude with a J.D. from Harvard Law School in 1948, Munger moved with his family to California, where he joined the law firm, Wright & Garrett. Some years later, he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP.
Around the same time, Munger was introduced to Warren Buffett, who convinced him his skills would be better put to use as an investment manager. He then partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange.
According to Warren Buffett’s essay, “The Superinvestors of Graham-and-Doddsville”, which was published in 1984, Munger’s investment partnership returned 19.8% per annum between 1962 to 1975 compared to a 5.0% annual appreciation rate for the Dow.
Munger closed his investment partnership in 1975 and joined Buffett at Berkshire several years later in 1978.
PDFs and documents
Wesco Annual Meeting 2007 Full notes by Whitney Tilson
Wesco Annual Meeting 2006 Full notes by Whitney Tilson
Wesco Annual Meeting 2005 Full notes by Whitney Tilson
Wesco Annual Meeting 2004 Full notes by Whitney Tilson
Wesco Annual Meeting 2003 Full notes by Whitney Tilson
Wesco Annual Meeting 2001 http://www.tilsonfunds.com/wscmtg01notes.html
Charlie Munger Videos
A Conversation with Charlie Munger (YouTube)
A Conversation with Charlie Munger (U Michigan)- 2010 (YouTube)