I hope everyone benefits from charlies wisdom as much as i have. Wesco financial is a publicly traded company that is 80 percent. Wesco has had no dilutive capital stock equivalents. Prepared by pat dorsey this document is based on written notes. Charlie munger 2007 usc law school commencement notes. Notes from warren buffett, charlie munger, berkshire. Munger s parody wesco annual meeting 2010 full notes by ben claremon. Why were warren buffett and his creation, berkshire hathaway, so.
May 09, 2007 whitney tilsons 2007 wesco annual meeting notes may 9, 2007 this is an advance copy intended only for those who have registered for the 3rd annual new york value investing congress. A business with a moat, a business that can be understood by the investor. Windows media player required audio here registration required big file 37 mo. I did not try to take great notes, and i imagine there will be a more complete post. Charlie mungers worldly wisdom page 173 2003 wesco meeting notes page 177 2004 wesco meeting notes page 193 2005 wesco meeting notes page 216 2006 wesco meeting notes page 246. Charlie munger on moats first of the four essential filters. There are more than 1 million books that have been enjoyed by people from all over the world. Always update books hourly, if not looking, search in. Notes on a morning with charlie forum with charlie munger. I have set up a bookmarks system in the pdf file to ease your navigation, which you can access by clicking view, navigation panels, bookmarks.
When the east and the west coasts fall into the sea, either through storm, earthquake, or a deterioration of values, there will still be munger s omaha. We posted a full set of notes of charlie munger speaking at the daily journal meeting. Apr 02, 2009 charlie mungers annual letter to shareholders. Envy and imitation will lead to flood of money and disaster. These are my own scratch notes on what i found interesting and noteworthy as i read through munger s letters linked here. It goes from 1983 when charlie took over the chairmanship until 2009, the last letter before wesco was. Charlie munger the psychology of human misjudgment. The best of charlie munger page 159 2002 wesco meeting notes page 163 2003 tilsons column. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. I have set up a bookmarks system in the pdf file to ease your. May 5, 1995 the theory of modern education is that you need a general education before you specialize.
Pdf of peter bevelin interviews 2007 and 2009 with value investing world. When i heard that july 2011 would be the last meeting with mr. Charles munger selected points mentioned by charlie munger at wesco s annual meeting, held on may 11, are listed below. Charlie munger s lollapalooza effect and this credit fiasco 2008 munger says thank god u. I think a lot of what goes on there is better than at harvard. Munger notes from wesco financial 2007 meeting blogger. As you may know, charlie munger is one of the main partners of warren buffett. A blog dedicated to collecting the writings and wisdom of charlie munger.
Wesco financial is a publicly traded company that is 80 percent owned by berkshire hathaway. Poor charlies almanack by charlie munger book summary and pdf. Jul 25, 2016 heres a web article version of this pdf, which i had converted some time back. This was done by adding a fraction of the deferred. Get ebooks poor charlie s almanack on pdf, epub, tuebl, mobi and audiobook for free.
Whitney tilsons 2007 wesco annual meeting notes may 9, 2007 this is an advance copy intended only for those who have registered for the 3rd. The psychology of human misjudgment 2005 pdf hacker news. Notes from 2005 wesco financial annual meeting may 4. Charlie munger s opening remarks i feel a duty in these later years to talk a little bit because so many of you have come so.
Charlie mungers wesco letters 1983 2009 remembering. May 10, 2009 mike mccoy, managing partner of cumbre capital partners, asked charlie munger his thoughts regarding peak oil and future world oil supply and demand. The entire meeting lasted 3 hours and i was able to take as many notes as the omaha meeting. The 1997 to 1999 annual reports available at wesco financial show that charlie munger calculated intrinsic value for shareholders.
And i think to some extent, before you are going to be a great stock picker, you need some general education. Charlie munger 2016 daily journal full set of notes. Charlie mungers opening remarks i feel a duty in these later years to talk a little bit because so many of you have come so far and therefore im going to talk a little about current change conditions in corporate. Jan 01, 2005 im not gonna praise munger s wisdom again. Save it to your desktop, read it on your tablet, or email to your colleagues. Charlie munger s thoughts on just about everything.
Get the entire 10part series on charlie munger in pdf. Wesco, and daily journal djco meetings to hear warren buffett and charlie munger speak. Munger, i felt real regret for never attending one in the past and was desperately searching for wesco meeting notes. Charlie mungers wesco soars on buyout offer by warren. Wesco was originally the holding company for mutual savings, a savings and loan association. Intrinsic value examples from charlie munger seeking alpha.
Its shorter without lacking depth nor scope, but gives a great introduction into munger s and buffets way of thinking. To meet a great expert in a field and regard him as a malformed child is not a winning social grace. A collection of speeches, essays, and wesco annual meeting notes link to. But for what its worth, here are the notes that i did take. These two are so wise and unique and i love meeting and catching up with my friends and readers. Content to being the lesser known of the two, munger is no less impressive. Harvard law school sein rechtsstudium mit bestnote ab. Notes from 2005 wesco financial annual meeting may 4, 2005 by. Feb 12, 2016 we posted a full set of notes of charlie munger speaking at the daily journal meeting. Munger notes that sometimes reality is too painful to bear, so you just distort it until its. For my columns and notes on previous berkshire and wesco meetings, click here. Munger asked alice schroeder from painewebber some questions. A collection of speeches, essays, and wesco annual meeting notes. Charlie munger s annual letter to shareholders of wesco financial corporation was published on march 27.
Your selection and notes will be stored in your portfolio. Aug 03, 2012 i couldnt find charlie mungers older wesco letters anywhere on the internet so ive gone ahead and collected them from a database and put all of his letters together into a single document for everyone to enjoy. The buffett partnership letters are interesting to read, and so are munger s wesco and blue chip letters. Munger on human misjudgments munger on the psychology of human misjudgment. And theres a corollary to that proposition which is very important. Munger, warren buffetts righthand man and a genius in his own right.
Wesco has a property and casualty business, reinsures banks, has. Charlie mungers lollapalooza effect and this credit fiasco 2008 munger says thank god u. Charlie munger s opening remarks i feel a duty in these later years to talk a little bit because so many of you have come so far and therefore im going to talk a little about current change conditions in corporate governance, the investment world, how were adapting at berkshire hathaway and wesco, and how. Charlie munger the best of charlie munger 1994 to 2011. Byds sales went down because the chinese reduced the incentives they were giving to buyers of electric cars. Notes from 2005 wesco financial annual meeting may 4, 2005. He is vicechairman of berkshire hathaway corporation, the diversified investment corporation chaired by warren buffett. Mutual savings thrift operations were sold to cenfed bank in 1993. Words in brackets are my comments, edits or, when i missed something, my best guess of what was.
All right, i scratched out a few notes and im going to try and just give an account of some ideas and attitudes that have worked well for me. Charlie munger, the vicechairman of berkshire hathaway and buffetts. A collection of speeches, essays, and wesco annual meeting notes 349 pages. If you have wesco meeting notes prior to 1999 or any other materials that you think i. Charles thomas munger is an american business magnate, lawyer, investor, and philanthropist. There will be some repeat of long term capital management in some place you can count on that. Notes from 2005 wesco financial annual meeting valuewalk. Charlie mungers letter to shareholders the rational walk.
Never once did he say, i have nothing further to add. The wesco annual meeting in pasadena, california is more of a free investment seminar held in a. An investing principles checklist from poor charlie s almanack. Munger notes from wesco financial 2007 meeting charlie munger presided over the annual meeting of wesco financial amex.
Below are my summarized notes from the wesco meeting and charlie munger s thoughts on the world, lightly edited for clarity. Here is a collection of notes from warren buffett, charlie munger, berkshire hathaway, wesco s annual meetings, individual articles and books on them. August 3, 2012 i couldnt find charlie munger s older wesco letters anywhere on the internet so ive gone ahead and collected them from a database and put all of his letters together into a single document for everyone to enjoy. The funny thing is the 1996 worldly wisdom stanford speech that i have been trying to locate is not their either. The funny thing is the 1996 worldly wisdom stanford speech that. The most significant thing that i learned was a better comprehension of technology and the internet. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. World heritage encyclopedia, the aggregation of the largest online encyclopedias available, and the most. Charlie mungers wesco letters 1983 2009 charlie mungers wesco letters 1983 2009 wesco charlie munger letters 1983 2009 source. Notes from warren buffett, charlie munger, berkshire hathaway, wesco.
Whitney tilsons notes from the 2007 wesco annual meeting. Mike mccoy asking charlie munger about peak oil at wesco on. Particularly the wesco meeting notes all in one place. More details with respect to the cort transaction are contained in note 8 to.
A conversation with charlie munger dubridge distinguished visitor lecture 2008 in 2008, charlie munger spoke at caltech, offering some of his most incisive, cutting, and original thoughts. Charlie munger speaks at daily journal annual meeting. Charlie munger at the 2016 daily journal corporation meeting. Wesco annual meeting 2011 full notes by marce2001, marketemperor and roughlyright alas this was the last meeting. Charlie munger is berkshire hathaways longtime vice chairman and also serves as chairman and president of wesco financial. Im so happy i finally found this here it is for everyone whos been looking for it too. Charlie mungers wesco financial corporation annual letters 1983. After having read both books, poor charlie s almanack and seeking wisdom, i highly recommend starting with seeking wisdom. Behind the scenes with berkshire hathaway billionaire charlie munger.
Well, im not very sure im the worlds expert on the future of electric vehicles, except i think theyre coming generally and somebodys going to make them. Notes from 2005 wesco financial annual meeting may 4, 2005 by whitney tilson. For my columns and notes on previous berkshire and wesco meetings. Wesco annual meeting the amount of brain power going into money management is a national scandal. A reader was kind enough to send another set of really extensive and well done notes which he took. Opted for bailouts over handouts bloomberg article 2010 charlie munger quotes. But ive been too cheap to pay for airfare and hotel rooms to attended charlie mungers wesco annual meetings in pasadena. Dec 06, 2012 the need for a business to have a moat is so strong that munger has made it one of the four essential filters he uses in deciding whether to invest in a given business. Charlie mungers opening remarks i feel a duty in these later years to talk a little bit because so many of you have come so far and therefore im going to talk a little about current change conditions in corporate governance, the investment world, how were adapting at berkshire hathaway and wesco, and how. Whitney tilsons 2007 wesco annual meeting notes pdf. Just like at the old wesco meetings, a few hundred hardcore buffettmunger groupies come to hear mungers wisdom. Trying to be a better investor by not being stupid, stocks. Wesco annual meeting 2009 full notes by delocalized.
Charlie mungers thoughts on just about everything the. Whitney tilsons notes from the 2007 wesco annual meeting5907. Notes on a morning with charlie forum with charlie. Charlie mungers wesco letters 1983 2009 remembering the. Charlie munger and warren buffett met in 1959 and got along immediately. In the book, griffin focused on munger s close connection with value investing pioneer benjamin graham, an attachment munger shares with buffett. Charlie munger s wesco letters 1983 2009 i couldnt find charlie munger s older wesco letters anywhere on the internet so ive gone ahead and collected them from a database and put all of his letters together into a single document for everyone to enjoy. Notes on wesco financial charlie munger letters to shareholders 19872009 june 29, 2018.
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