Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom" - a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management - allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.
Charlie Munger is, arguably, the world's best investor. His 'worldly wisdom' - a latticework of understanding separate disciplines - is a powerful way to achieve superior investment results. Without it, success in the market - or anywhere else - is a short-lived fluke. Robert Hagstrom, author of The Warren Buffett Way and Investing: The Last Liberal Art