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	Charlie Munger -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-11-02)
		Indeed, Munger owns enough Berkshire Hathaway stock to be a bona fide (A very rich person whose material wealth is valued at more than a billion dollars) billionaire in his own right.
		He is known to be a (A tributary of the Kansas River that flows from eastern Colorado eastward through Nebraska and Kansas) Republican, Buffett a (A member of the Democratic Party) Democrat.
		Buffett is famously a religious (Someone who habitually doubts accepted beliefs) skeptic, Munger a practicing (A member of the Episcopal church) Episcopalian.
	www.absoluteastronomy.com /encyclopedia/c/ch/charlie_munger.htm (246 words)

	Special Feature, April 29, 1999: Berkshire and Buffett
		Charlie Munger is somewhat unusual in that he received his law degree from Harvard without having attained an undergraduate degree.
		Munger addressed this issue in a 1998 speech to directors of charitable foundations: "In the United States, a person or institution with almost all wealth invested, long-term, in just three fine domestic corporations is securely rich.
		Charlie Munger and Warren Buffett believe that "time is the best friend of the great companies and the enemy of the poor ones." Fiddling around with low-quality businesses entails paying the opportunity costs of not allocating that capital to the world-class investment opportunities that make themselves available from time to time.
	www.fool.com /specials/1999/sp990429Berkshire003.htm (881 words)

	Charlie Munger - Wikipedia, the free encyclopedia
		Charles Thomas Munger (born January 1, 1924, in Omaha, Nebraska) is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by legendary investor Warren Buffett.
		Munger is also the chairman of Wesco Financial Corporation, an 80.1%-owned subsidiary of Berkshire Hathaway which began as a savings and loan association but now controls such varied enterprises as Precision Steel Corp., CORT Furniture Leasing, Kansas Bankers Surety Insurance Co., and other ventures.
		Munger's meetings are nearly as legendary in the investment community as those he co-hosts with Buffett in Omaha; unlike most such meetings, which are often perfunctory, Munger interacts with the other Wesco shareholders at considerable length, sometimes speculating about what his hero Benjamin Graham would do in a given situation.
	en.wikipedia.org /wiki/Charlie_Munger (326 words)

	[No title]
		Charlie Munger once stated: "Well, the efficient market theory is obviously roughly right meaning that markets are quite eff i cient and it's quite hard for anybody to beat the market by significant margins as a stock picker by just being intelligent and working in a disciplined way.
		Munger explained that "a horse carrying a light weight with a wonderful win rate and a good post position etc., etc. is way more likely to win than a horse wi t h a terrible record and extra weight.
		Charlie and I are d i sgusted by the situation in which shareholders have suffered billions in losses while the CEOs, promoters, and other higher-ups who fathered these disasters have walked away with extraordinary wealth.
	www.frips.com /cst.doc (7774 words)

	Bankstocks.com: Random Gleanings—Munger’s Wisdoms
		Munger has set high standards for himself; he is a strong believer that self-education and self-discipline are the keys to living a successful life.
		Munger asserts that most corporate executives are vastly overpaid, and that the search for corporate directors should center on those who are smart and rich enough not to need directors fees.
		Munger states that everyone needs an internal compass, and that honesty is far and away the best and the most profitable policy.
	www.bankstocks.com /print.asp?id=9880561 (2123 words)

	Owner's Manual
		Charlie and I hope that you do not think of yourself as merely owning a piece of paper whose price wiggles around daily and that is a candidate for sale when some economic or political event makes you nervous.
		Charlie and I pay a great deal of attention to how well our businesses are doing, and we also work to understand the environment in which each business is operating.
		Furthermore, Charlie and I are exposed to a much wider range of possibilities for investing these funds than any of our managers could find in his or her own industry.
	www.berkshirehathaway.com /2001ar/ownersmanual.html (4774 words)

	Information on Wesco Financial Corporation (WSC) and Charlie Munger:
		Charlie Munger has served as Vice Chairman of the Board at Berkshire Hathaway since 1978, Chairman of the Board and Chief Executive Officer at Wesco Financial since 1984, Chairman of the Board and Director at Daily Journal Corporation (DJCO) since 1977, and on the Board of Directors at Costco (COST) since 1997.
		As was noted earlier on the board, Charlie answered a question about why the WSC tradng volume was up over the past few years and he said that they have become 'a cult'--maybe a good cult, but still a situation where many people have becoem interested in every move he and Warren make.
		Charlie enjoyed the meeting and said that if we were all nutty enough to come from afar to query him that next year he would start the meeting earlier and run longer.
	www.geocities.com /WallStreet/Exchange/5144/wesco.htm (1932 words)

	SteadyGains \| Outstanding Investments, Simple Companies (Site not responding. Last check: 2007-11-02)
		Munger's take was typically Munger, "It was a huge mistake for John Guttered not to go to the New York Fed when he saw that Mozer was in trouble…The Fed would not have called for Gutfruend's head.
		Munger appeared to be evasive in answering questions, not for lack of words, but for droning on about hardly relevant subjects.
		Munger advises that the first step to becoming a successful investor is to understand your own nature, then invest in those markets with risk which you can tolerate.
	www.steadygains.com /damnright.cfm (4207 words)

	[No title] (Site not responding. Last check: 2007-11-02)
		Munger and the Hillses were destined for other things, however: Harvard Law prof Rod Hills would later become White House Counsel to Gerald Ford and chairman of the Securities and Exchange Commission, while Carla Hills served as U.S. trade representative under George H.W. Bush.
		Although Munger stopped practicing law in 1965 (he's now vice chairman of Berkshire Hathaway and worth a cool $1.6 billion), he retained strong ties to the firm, sending it much of the legal business of Berkshire Hathaway and its affiliates.
		In 1969, for instance, Charlie Munger enlisted the firm as a foot soldier in his pro-choice campaign, convincing his old colleagues to defend a doctor convicted of referring a woman to an abortionist.
	www.vault.com /static/cb/snapshots/cb_linksnapshots406.txt (594 words)

	[No title]
		Charlie Munger, along with Warren Buffett, piloted Berkshire Hathaway into one of the most astounding investments ever.
		Munger said one of the most important events in his life occurred when his grandmother took the time to read over and over to him the story of Robinson Crusoe.
		Contrast Munger's simple message with all the noise found in popular financial periodicals promoting tips on how to super charge your 401(k) or retire 10 years early by chasing after hot funds or other investment vehicles destined to go through the roof.
	www.lordabbett.com /retire_wealth.htm (723 words)

	Financial Sense University ~ Book Review: Damn Right! 02.25.2004 (Site not responding. Last check: 2007-11-02)
		Portfolio volatility does not bother Munger according to Janet Lowe, author of a book on him entitled "Damn Right!" She notes that Munger tends to focus on a few good investment ideas, concentrates his portfolio in these ideas, and lets the long term growth of these firms compound his returns.
		Munger advocates buying index funds, or alternatively buying high quality stocks that are not overvalued and holding for the long term.
		Munger was fortunate to have selected some of the best partners available to assist in evaluating investment issues.
	www.financialsense.com /fsu/posts/dancy/reviews/022504.html (892 words)

	Munger on Encyclopedia.com (Site not responding. Last check: 2007-11-02)
		Munger is famous for its goldsmiths and silversmiths.
		Munger volunteers in the Reutlinger Threshold Choir, one
		Kate Munger, center, sings to residents of the Skilled Nursing Facility at the Reutlinger Community for Jewish Living in Danville, California.
	www.encyclopedia.com /html/M/Munger.asp (383 words)

	CEO - Warren Buffett Speaks Out - FORTUNE - Page (Site not responding. Last check: 2007-11-02)
		Munger agreed: “I think we have lost our way when the governors and the president of the Exchange fail to recognize they must be exemplars.
		Munger added that what has happened at Gen Re “shows what a tough business reinsurance is.” The company, he said, used to be considered one of the “classiest” around: “It was an impressive-looking edifice, but there were quite a few termites at work.”
		Said Munger (who is a Republican): “The right-wing Republicans are out of their cotton-picking minds to be taking on this issue right now.
	www.fortune.com /fortune/ceo/articles/0,15114,1056869,00.html?cnn=yes (712 words)

	In the Money
		Charlie Munger gave up law to pursue his fortunes as an investor.
		Munger, who is Berkshire's vice chairman, now finds himself a very wealthy man. A voracious reader and devotee of great thinkers like Ben Franklin and Samuel Johnson, he credits their wisdom for his success.
		Even so, Munger does not pretend that what he and Buffett have accomplished is just a matter of being good guys.
	www.law.harvard.edu /alumni/bulletin/2001/summer/feature_1-1.html (913 words)

	The Warren Buffett Business Factors
		Charlie understood this early; I was a slow learner.
		If Charlie and I were to draw blanks for a few years in our capital-allocation endeavors, Berkshire's rate of growth would slow significantly.
		Charlie and I try to behave with our managers just as we attempt to behave with Berkshire's shareholders, treating both groups as we would wish to be treated if our positions were reversed.
	egpeclub.home.comcast.net /The_Warren_Buffett_Business_Factors.htm (13421 words)

	Forbes.com: Munger crowd favorite at Berkshire annual meeting (Site not responding. Last check: 2007-11-02)
		Munger's importance to Buffett cannot be overstated and extends far beyond his ability at one-liners.
		But Munger, whom he met in 1959, helped him move away from the pure-numbers approach, based on balance sheets and annual reports and consider qualitative aspects such as a company's management and how good of a business it was.
		After reading Fisher, Munger was convinced that it was best to invest large amounts of money in a relatively small number of stocks in which you have strong convictions rather than spread the money across many stocks, some of which may be less attractive.
	www.forbes.com /reuters/newswire/2004/05/02/rtr1355975.html (847 words)

	Fool.com: Charlie Munger's Worldly Wisdom [Commentary] May 9, 2003
		Before Munger joined forces with Buffett in the mid-1970s, his investment partnership compounded at an average rate of 24.3% annually from 1962 to 1975 (vs. only 6.4% for the Dow over the same period).
		Munger noted that "a lot of opportunities in life tend to last a short while, due to some temporary inefficiency...
		Munger's reply was: "Spend each day trying to be a little wiser than you were when you woke up.
	www.fool.com /news/commentary/2003/commentary030509wt.htm (1468 words)

	The Motley Fool UK: Special
		Fortunately, Munger was able to ride out the storm and most of his investors stayed with him.
		Munger distributed the cash and actual stock holdings to the partners in the Wheeler, Munger fund, but did not take his management fees.
		Munger had cautioned investors to conduct their financial affairs so that no matter what crazy things happen in the markets, they can stay in the game.
	www.fool.co.uk /specials/2000/001121bookreview.htm (1445 words)

	Dueling views of reform (Site not responding. Last check: 2007-11-02)
		Munger, 80, has a special connection with Stanford: his wife Nancy and five of their six children attended as undergrads and one graduated from Stanford Law.
		Munger, on the other hand, said he opposes any new rules that could make it easier for shareholders to launch an unfriendly takeover, and that includes the SEC's proposal.
		Munger admitted that Berkshire's board is not "the correct model for the rest of America." But he criticized ISS for selling access to its ratings system to the companies it rates.
	www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2004/06/22/BUGRK79OT81.DTL (1184 words)

	Financial Sense University ~ The Compounding Success Theory by Bud Labitan 04/29/2003 (Site not responding. Last check: 2007-11-02)
		Takemura (1992) showed that the effects of framing are likely to be lower when subjects are warned in advance that they will be required to justify their choices, and when more time is allowed for arriving at their choices.
		Buffett and Munger have employed the principles taught by Dave Dodd and Ben Graham.
		Buffett and Munger have said that their investment behaviors are based on rational and thorough business analysis.
	www.financialsense.com /fsu/editorials/2003/0429.htm (810 words)

	Amazon.ca: Books: Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger (Site not responding. Last check: 2007-11-02)
		(Munger is one of the pioneering supporters of Planned Parenthood.) Lowe, who spent three intensive years learning about Munger's life and work, had the full cooperation of his subject for this biography and access to his vast network of admiring and devoted business associates, his family and his lifelong friends.
		She does a superb job of re-creating Munger's development from a respectable lawyer to a savvy investor, providing intricate details about the incisive thinking behind his business deals, which she weaves into a captivating narrative.
		Charlie Munger's life story is a version of the classic American Dream: a hard-working young man builds a billion-dollar fortune through hard work and honest business deals, all the while raising eight children with the help of an intelligent, devoted wife.
	www.amazon.ca /exec/obidos/ASIN/0471244732 (1183 words)

	smartbooks.com: Books on Business, Finance, Investing, Marketing, Sales, Management, Careers, Work, Money, Current ...
		Charlie Munger is an intellectual jewel somewhat hidden behind his more celebrated partner.
		But occasionally Charlie does have something to add, and when he speaks, the shareholders straighten and shift forward to the edge of their seats, straining to get a better view, to catch every word.
		It is just that when Charlie is able to connect Warren's ideas to similar ideas in other disciplines, it tends to elevate the level of understanding among the group.
	www.smartbooks.com /excerpt.asp?ISBN=1587991381 (932 words)

	TheStreet.com: Warren Buffett Weekend -- Epilogue
		While the focal point of the weekend is the "Warren and Charlie show" on Monday, the real purpose of the weekend is to make sure shareholders have a good time.
		(Charlie Munger is Berkshire's president.) From the baseball outing on Saturday evening complete with free T-shirts and hot dogs to the lavish party at Borsheim's on Sunday, the weekend is really all about having fun.
		Munger added, "Whatever you think you know about tech, I know less." While I empathize with their ignorance, it seems a little too simplistic.
	www.thestreet.com /pf/comment/cfeatures/14787.html (1626 words)

	Financial Planning: The Sage's Sage Many people believe Charlie Munger was the real brains behind Berkshire ...
		The Sage's Sage Many people believe Charlie Munger was the real brains behind Berkshire Hathaway.(Brief Article)
		Charlie Munger, Warren Buffett's alter ego, is a remarkable man who perfectly complements his friend, the Sage of Omaha.
		Both men are about the same age (Munger is six years older than Buffett), and both grew up in middle-class homes in Nebraska's largest city.
	www.highbeam.com /library/doc0.asp?DOCID=1G1:67498118&refid=ip_encyclopedia_hf (197 words)

	Powell's Books - Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe
		Charlie Munger, whose reputation is deep and wide, based on an extraordinary record of brilliantly successful business strategies, sees things that others don't.
		Charlie has lived by the creed that one should live a life that doesn't need explaining.
		A look at the techniques, tactics and history of Charlie Munger, a man some consider to be the brains behind investment guru Warren Buffett.
	www.powells.com /cgi-bin/partner?partner_id=26832&cgi=product&isbn=0471244732 (587 words)

	Charlie Munger Articles
		Charlie Munger is featured in the Summer 2001 Issue of the Harvard Law Bulletin.
		As Warren Buffett's right-hand man and chief bean counter, mild-mannered Charles Munger pulls down $100,000 in salary and has $1.2 billion worth of Berkshire Hathaway stock.
		But what really gets Munger's juices going is his other, lesser-known avocation: dragging pesky legal opponents through the courts-then driving a spike through their hearts by winning costly victories.
	sandmansplace.com /Articles_Munger.html (408 words)

	1995 ANNUAL REPORT
		Charlie and I, however, are quite willing to accept relatively volatile results in exchange for better long-term earnings than we would otherwise have had.
		Charlie and I have never had a conviction about the paper industry actually, I can't remember ever owning the common stock of a paper producer in my 54 years of investing so our choice in August was whether to sell in the market or to the company.
		Charlie and I frequently get approached about acquisitions that don't come close to meeting our tests: We've found that if you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels.
	www.berkshirehathaway.com /1995ar/1995ar.html (16803 words)

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