Wesco notes charlie munger pdf

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. Behind the scenes with berkshire hathaway billionaire charlie munger. Charlie mungers wesco financial corporation annual letters 1983. Munger, warren buffetts righthand man and a genius in his own right. 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 munger at the 2016 daily journal corporation meeting. The booklet, privately printed by munger, is entitled some investmentrelated talks and writings made or selected by charles t.

Charlie mungers wesco letters 1983 2009 remembering the. Words in brackets are my comments, edits or, when i missed something, my best guess of what was. Poor charlie s almanack, seeking wisdom, the most important thing, and a few lessons for invenstors and managers. Intrinsic value examples from charlie munger seeking alpha. Whitney tilsons notes from the 2007 wesco annual meeting. A collection of speeches, essays, and wesco annual meeting notes 349 pages.

Wesco annual meeting 2011 full notes by marce2001, marketemperor and roughlyright alas this was the last meeting. Charlie munger s annual letter to shareholders of wesco financial corporation was published on march 27. But ive been too cheap to pay for airfare and hotel rooms to attended charlie mungers wesco annual meetings in pasadena. Charlie munger s thoughts on just about everything. Below are my summarized notes from the wesco meeting and charlie munger s thoughts on the world, lightly edited for clarity. 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 mungers thoughts on just about everything the.

Munger on human misjudgments munger on the psychology of human misjudgment. Charlie mungers wesco letters 1983 2009 charlie mungers wesco letters 1983 2009 wesco charlie munger letters 1983 2009 source. In the book, griffin focused on munger s close connection with value investing pioneer benjamin graham, an attachment munger shares with buffett. There will be some repeat of long term capital management in some place you can count on that.

Charlie munger s lollapalooza effect and this credit fiasco 2008 munger says thank god u. Trying to be a better investor by not being stupid, stocks. He is vicechairman of berkshire hathaway corporation, the diversified investment corporation chaired by warren buffett. Notes from warren buffett, charlie munger, berkshire. For my columns and notes on previous berkshire and wesco meetings, click here. 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. Notes on wesco financial charlie munger letters to shareholders 19872009 june 29, 2018. Just like at the old wesco meetings, a few hundred hardcore buffettmunger groupies come to hear mungers wisdom. Mutual savings thrift operations were sold to cenfed bank in 1993. Poor charlies almanack by charlie munger book summary and pdf charlie munger is warren buffetts longtime partner at berkshire hathaway. Wesco financial is a publicly traded company that is 80 percent owned by berkshire hathaway. Charlie mungers wesco letters 1983 2009 remembering. Charlie munger on moats first of the four essential filters.

Charlie munger the best of charlie munger 1994 to 2011. Notes on a morning with charlie forum with charlie munger. Im so happy i finally found this here it is for everyone whos been looking for it too. Munger notes from wesco financial 2007 meeting blogger. Wesco has a property and casualty business, reinsures banks, has. Windows media player required audio here registration required big file 37 mo. Whitney tilsons 2007 wesco annual meeting notes pdf. Charlie mungers wits and wisdom for all seasons from almanack to internet to blogs to youtube. Why were warren buffett and his creation, berkshire hathaway, so.

Prepared by pat dorsey this document is based on written notes. Notes on a morning with charlie forum with charlie. As you may know, charlie munger is one of the main partners of warren buffett. Opted for bailouts over handouts bloomberg article 2010 charlie munger quotes. Munger notes that sometimes reality is too painful to bear, so you just distort it until its. Apr 02, 2009 charlie mungers annual letter to shareholders. 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. Wesco annual meeting the amount of brain power going into money management is a national scandal. Always update books hourly, if not looking, search in. A collection of speeches, essays, and wesco annual meeting notes link to. Pdf of peter bevelin interviews 2007 and 2009 with value investing world. The best of charlie munger page 159 2002 wesco meeting notes page 163 2003 tilsons column. Whitney tilsons notes from the 2007 wesco annual meeting5907.

Notes from 2005 wesco financial annual meeting may 4, 2005 by whitney tilson. Munger, i felt real regret for never attending one in the past and was desperately searching for wesco meeting notes. Charlie munger the psychology of human misjudgment. Charlie mungers lollapalooza effect and this credit fiasco 2008 munger says thank god u.

Envy and imitation will lead to flood of money and disaster. Notes from 2005 wesco financial annual meeting may 4. The most significant thing that i learned was a better comprehension of technology and the internet. To meet a great expert in a field and regard him as a malformed child is not a winning social grace. May 5, 1995 the theory of modern education is that you need a general education before you specialize. 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.

Notes on wesco financial charlie munger letters to. The funny thing is the 1996 worldly wisdom stanford speech that i have been trying to locate is not their either. Charlie munger, the vicechairman of berkshire hathaway and buffetts. I have set up a bookmarks system in the pdf file to ease your. Jul 25, 2016 heres a web article version of this pdf, which i had converted some time back. The buffett partnership letters are interesting to read, and so are munger s wesco and blue chip letters. Its shorter without lacking depth nor scope, but gives a great introduction into munger s and buffets way of thinking. Never once did he say, i have nothing further to add. A blog dedicated to collecting the writings and wisdom of charlie munger. World heritage encyclopedia, the aggregation of the largest online encyclopedias available, and the most. The 1997 to 1999 annual reports available at wesco financial show that charlie munger calculated intrinsic value for shareholders. It goes from 1983 when charlie took over the chairmanship until 2009, the last letter before wesco was. Wesco financial is a publicly traded company that is 80 percent. Charlie munger and warren buffett met in 1959 and got along immediately.

Feb 12, 2016 we posted a full set of notes of charlie munger speaking at the daily journal meeting. Munger notes from wesco financial 2007 meeting charlie munger presided over the annual meeting of wesco financial amex. Here is a collection of notes from warren buffett, charlie munger, berkshire hathaway, wesco s annual meetings, individual articles and books on them. And i think to some extent, before you are going to be a great stock picker, you need some general education. Charles munger selected points mentioned by charlie munger at wesco s annual meeting, held on may 11, are listed below. Byds sales went down because the chinese reduced the incentives they were giving to buyers of electric cars. I hope everyone benefits from charlies wisdom as much as i have. Notes from warren buffett, charlie munger, berkshire hathaway, wesco. Notes from 2005 wesco financial annual meeting may 4, 2005 by. After having read both books, poor charlie s almanack and seeking wisdom, i highly recommend starting with seeking wisdom. 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. Content to being the lesser known of the two, munger is no less impressive. 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.

An investing principles checklist from poor charlie s almanack. If you have wesco meeting notes prior to 1999 or any other materials that you think i. 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. Get the entire 10part series on charlie munger in pdf. For my columns and notes on previous berkshire and wesco meetings. 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. 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. More details with respect to the cort transaction are contained in note 8 to. 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. Munger asked alice schroeder from painewebber some questions. I did not try to take great notes, and i imagine there will be a more complete post. Notes from 2005 wesco financial annual meeting may 4, 2005. The psychology of human misjudgment 2005 pdf hacker news. Charlie munger is berkshire hathaways longtime vice chairman and also serves as chairman and president of wesco financial.

The entire meeting lasted 3 hours and i was able to take as many notes as the omaha meeting. Charlie mungers wesco soars on buyout offer by warren. Wesco, and daily journal djco meetings to hear warren buffett and charlie munger speak. Charlie mungers letter to shareholders the rational walk.

These two are so wise and unique and i love meeting and catching up with my friends and readers. Jan 01, 2005 im not gonna praise munger s wisdom again. Charlie munger 2016 daily journal full set of notes. 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. I think a lot of what goes on there is better than at harvard. Save it to your desktop, read it on your tablet, or email to your colleagues. 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. But for what its worth, here are the notes that i did take. Wesco has had no dilutive capital stock equivalents.

Charlie munger 2007 usc law school commencement notes. Charlie munger speaks at daily journal annual meeting. We posted a full set of notes of charlie munger speaking at the daily journal meeting. 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. Get ebooks poor charlie s almanack on pdf, epub, tuebl, mobi and audiobook for free. And theres a corollary to that proposition which is very important. 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. Mike mccoy asking charlie munger about peak oil at wesco on. Particularly the wesco meeting notes all in one place.

These are my own scratch notes on what i found interesting and noteworthy as i read through munger s letters linked here. Poor charlies almanack by charlie munger book summary and pdf. There are more than 1 million books that have been enjoyed by people from all over the world. 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. A collection of speeches, essays, and wesco annual meeting notes. Charles thomas munger is an american business magnate, lawyer, investor, and philanthropist. Your selection and notes will be stored in your portfolio. When i heard that july 2011 would be the last meeting with mr. This was done by adding a fraction of the deferred. Wesco was originally the holding company for mutual savings, a savings and loan association. Munger s parody wesco annual meeting 2010 full notes by ben claremon.