Munger made a special mention in chapter four of this book, Human misjudgment psychology, I especially like this part, Because I saw a lot of people, including professionals who have inevitable results due to misjudgment or cognitive bias. Even if I understand the underlying reason, It’s hard to overcome, Because of human nature. Most people seem to like this book a lot more than I did. I don't deny that there is wisdom (as well as wit) within this book, but Munger's basic points could be distilled into: If you switch from engineering to business, you will find that probabilistic thinking conflicts with mechanical determinism thinking, If professors who study these two disciplines meet, Probably pinch. But the moment when I feel the conflict, You will find that your thinking system begins to change from point thinking to line thinking. 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! At first, Buffett was reluctant to pay more than book value because he was schooled in value investing. However, Munger was adamant that he do the deal.

Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Januaret Lowe (2003) In Ice Age: How a Change of Climate Made Us Human, John and Mary Gribbin detail ice ages, interglacial periods, magnetic pole flips and similar events. They also show how an ice age caused us to evolve from our ape ancestors into the humans we are today. A Matter of Degrees In this book, former Morgan Stanley derivatives trader Frank Partnoy offers an inside look into the competitive, cutthroat culture of Wall Street. He also takes the reader to his firm’s annual FIASCO skeet-shooting retreat, where you can watch these macho attitudes develop. GenomeTwo other books that might interest you are Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger and, one of my all time personal favorites, Seeking Wisdom: From Darwin to Munger. The Need for More Multidisciplinary Skills from Professionals: Educational Implications Harvard Law School Class of 1948, April 24, 1998 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?” Here is a list of those books, organized by their date of first publication. The Autobiography of Benjamin Franklin A Universe From Nothing: Why There Is Something Rather than Nothing by Lawrence M. Krauss (2012). Munger recommended this book at a Daily Journal Corporation meeting on Feb. 6th, 2013 ( source).

treasure trove of observations and comments by Mr. Munger, Warren Buffet's investment expert. Nancy K. Webman, Pensions & Investments 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.Rather than seeking out deep value, Munger looked for quality and during 1965 he convinced Warren Buffett to adopt the same style. On changing your mind. "Be willing, even eager, to change your mind. Identify your mistakes and learn from them. Any year you don’t destroy one of your best loved ideas is a wasted year. When a better tool (idea or approach) comes along, swap it for your old, less useful tool" Then during 2003, Warren Buffett made the following statement regarding Coca-Cola, See’s Candies, and Buffalo News at the 2003 Berkshire Hathaway meeting: