• Speech by Charlie Munger – A lesson on elementary worldly wisdom as it relates to investment management and business

    Anything by Charlie Munger is pure gold and this speech is no exception. It is phenomenal and full of wisdom. In the first part, Charlie talks about elementary mental models from various disciplines and their application to investing and business. In the second part, he talks about the art of stock picking. I have read the speech multiple times and it deserves to be read in full and I would encourage everyone to do that. I have taken the liberty of highlighting a few portion of the speech which stand out for me. Enjoy!   Full text of the speech Charles Munger, USC Business School, 1994 I’m going to play…