Remembering Charlie Munger

Charlie Munger has been Warren Buffet’s partner since he joined Berkshire Hathaway as a vice chairman in 1978. Charlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped transform Berkshire Hathaway from a small textile mill into a $785 billion juggernaut. The journey to their unparalleled success was full of learning along the way.

In 1995, Charlie gave a speech at Harvard University about human decision-making and factors contributing to misjudgments. He wanted to share what he had observed and learned; models he used that helped him (and Berkshire Hathaway) succeed.

Fifteen years later he revised and expanded his speech in written form: "The Psychology of Human Misjudgment". It's a fantastic read that can really help us understand why supposedly rational masses of people can end up being so wrong.

“If people weren’t so often wrong, we wouldn’t be so rich”

— Charlie Munger - 2015 Berkshire Hathaway annual shareholders meeting

In the tech world, Charlie's observations end up being more relevant than one would like them to be. You can read more about Charlie here. Rest in peace to a legend.