Charlie Munger's favorite books

  • Outliers

    Outliers

    Malcolm Gladwell
    The Story of Success
    Large type books

    Identifies the qualities of successful people, maintaining that culture, family, and idiosyncratic factors can have a decisive impact on shaping high achievers,

    Buy on Amazon

    It\'s terrific and a perfectly marvelous book!

     — Source

  • Faraday, Maxwell, and the Electromagnetic Field

    Faraday, Maxwell, and the Electromagnetic Field

    Basil Mahon,Nancy Forbes
    How Two Men Revolutionized Physics
    Biography & Autobiography

    Describes how Faraday and Maxwell discovered the electromagnetic field and devised a radical new theory which overturned the strictly mechanical view of the world that had prevailed since Newton's time.

    Buy on Amazon

    It\'s just the best book of its kind I have ever read, and I just hugely enjoyed it. Couldn\'t put it down.

     — Source

  • Einstein

    Einstein

    Walter Isaacson
    His Life and Universe
    Biography & Autobiography

    The first full biography of Albert Einstein since all of his papers have become available shows how his scientific imagination sprang from the rebellious nature of his personality. Biographer Isaacson explores how an imaginative, impertinent patent clerk-

    Buy on Amazon

    this book is a useful contribution to his fellow citizens

     — Source

  • The Little Book of Common Sense Investing

    The Little Book of Common Sense Investing

    John C. Bogle
    The Only Way to Guarantee Your Fair Share of Stock Market Returns
    Business & Economics

    The best-selling investing "bible" offers new information, new insights, and new perspectives The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500. While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing. A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.” Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world's best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others. This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future. Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation. Forget the fads and marketing hype, and focus on what works in the real world. Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade. Recognize that in the long run, business reality trumps market expectations. Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs. While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.

    Buy on Amazon

    this book is a useful contribution to his fellow citizens

     — Source

  • The Greatest Trade Ever

    The Greatest Trade Ever

    Gregory Zuckerman
    The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
    Business & Economics

    A superbly written, behind-the-scenes narrative of how hedge fund manager John Paulson foresaw the escalating financial crisis and turned a falling housing market into financial history.

    Buy on Amazon

    I find the story of John Paulson to be particularly fascinating.

     — Source

  • A Universe from Nothing

    A Universe from Nothing

    Lawrence M. Krauss
    Why There is Something Rather Than Nothing
    Beginning

    Internationally renowned theoretical physicist and bestselling author Lawrence Krauss offers provocative, revelatory answers to the biggest philosophical questions: Where did our universe come from? Why does anything exist? And how is it all going to end? 'Why is there something rather than nothing?' is the question atheists and scientists are always asked,and until now there has not been a satisfying scientific answer. Today, exciting scientific advances provide new insight into this cosmological mystery: not only cansomething arise from nothing, but something willalwaysarise from nothing. A mind-bending trip back to the beginning of the beginning, A Universe from Nothingauthoritatively presents the most recent evidence that explains how our universe evolved - and the implications for how it's going to end. It will provoke, challenge, and delight readers to look at the most basic underpinnings of existence in a whole new way. In the words of Richard Dawkins: this could potentially be the most important scientific book since Darwin's On the Origin of Species.

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    Recommended on Charlie Munger\'s Daily Journal Meeting

     — Source