Experts > Charlie Munger

Charlie Munger's Top Book Recommendations

Vice Chairman/Berkshire Hathaway

Want to know what books Charlie Munger recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Charlie Munger's favorite book recommendations of all time.

1

Yes!

50 Scientifically Proven Ways to Be Persuasive

Small changes can make a big difference in your powers of persuasion.

What one word can you start using today to increase your persuasiveness by more than fifty percent?
Which item of stationery can dramatically increase people's responses to your requests?
How can you win over your rivals by inconveniencing them?
Why does knowing that so many dentists are named Dennis improve your persuasive prowess?

Every day we face the challenge of persuading others to do what we want. But what makes people say yes to our requests? Persuasion is not only an art, it is...
more
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

2

MASTER OF THE GAME

From the bestselling author of The Predator's Ball comes the page-turning tale of entrepreneurial genius Steve Ross and the immense fiefdom he created that began with a parking lot company and a funeral business and grew into the world's largest media and entertainment corporation. less
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

3

Judgment in Managerial Decision Making

In situations requiring careful judgment, every individual is influenced by their own biases to some extent. With Bazerman's new seventh edition, readers can quickly learn how to overcome those biases to make better managerial decisions. The book examines judgment in a variety of organizational contexts, and provides practical strategies for changing and improving decision-making processes so that they become part of one's permanent behavior. less
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

4

Benjamin Franklin Volume 1

Carl Van Doren received the 1938 Pulitzer Prize in Biography for this work. It contains the most extensive collection of Benjamin Franklin's autobiographical writings, much of which was long out-of-print. Also included are some fifty letters written by Franklin that was never published before. less
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

5
Bestselling author and acclaimed physicist Lawrence Krauss offers a paradigm-shifting view of how everything that exists came to be in the first place.

“Where did the universe come from? What was there before it? What will the future bring? And finally, why is there something rather than nothing?”

One of the few prominent scientists today to have crossed the chasm between science and popular culture, Krauss describes the staggeringly beautiful experimental observations and mind-bending new theories that demonstrate not only can something arise from nothing, something...
more
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

6
In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall.  Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing.  He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it.  Colleagues at investment banks scoffed at him and investors dismissed him.  Even pros skeptical about housing shied... more

Fabrice GrindaI have lots of books to recommend, but they are not related to my career path. The only one that is remotely related is Peter Thiel’s Zero to One. That said here are books I would recommend. (Source)

See more recommendations for this book...

7
The legendary investor shows how to identify and master the cycles that govern the markets.

We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.

If you study past cycles, understand...
more

Warren BuffettWhen I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book. (Source)

Charlie MungerI always say, ‘There’s no better teacher than history in determining the future.’ Howard’s book tells us how to learn from history . . . and thus get a better idea of what the future holds. (Source)

Ray DalioHoward Marks’s Mastering the Market Cycle is a must-read, because the cycles covered in this book are important and because Howard is one of the investing greats of his generation. (Source)

See more recommendations for this book...

8

Gretchen RubinI copied Franklin in my own book. He believed that we all could determinately sit down and come up with practical steps to make changes in our life. He identified 13 virtues that he wanted to imbue in himself and made a weekly chart to help him track his daily progress. I copied my resolutions chart from him. (Source)

Cory Booker[The author] didn’t mean to write his autobiography. He wanted to write a note to his family about what he’d learned in his experiments. (Source)

Brandon StantonOne of the very first books that I read. (Source)

See more recommendations for this book...

9
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...
more

Warren BuffettIn his 2014 shareholder letter, Buffett recommended reading this book over listening to the advice of most financial advisers. (Source)

Kaya Thomas@MegBartelt You’re welcome! Thanks for writing great content. You mentioned John Bogle which book do you recommend I start with, “The Little Book of Common Sense Investing”? (Source)

See more recommendations for this book...

10
Peter Bevelin begins his fascinating book with Confucius' great wisdom: "A man who has committed a mistake and doesn't correct it, is committing another mistake." Seeking Wisdom is the result of Bevelin's learning about attaining wisdom. His quest for wisdom originated partly from making mistakes himself and observing those of others but also from the philosophy of super-investor and Berkshire Hathaway Vice Chairman Charles Munger. A man whose simplicity and clarity of thought was unequal to anything Bevelin had seen.

In addition to naturalist Charles Darwin and Munger, Bevelin...
more

Nassim Nicholas TalebA wonderful book on wisdom and decision-making written by a wise decision-maker. This is the kind of book you read first, then leave by your bedside and re-read a bit every day, so you can slowly soak up the wisdom. It is sort of Montaigne but applied to business, with a great investigation of the psychological dimension of decision-making. I like the book for many reasons --the main one is that... (Source)

Jason FriedFinally got to re-reading one of my favorite books: Seeking Wisdom, from Darwin to Munger. Highly recommended. (Source)

Derek SiversA great overview of the lessons of Charlie Munger (partner of Warren Buffett) - and his approach to checklists of multi-disciplinary models to guide clear thinking. (Source)

See more recommendations for this book...

Don't have time to read Charlie Munger's favorite books? Read Shortform summaries.

Shortform summaries help you learn 10x faster by:

  • Being comprehensive: you learn the most important points in the book
  • Cutting out the fluff: you focus your time on what's important to know
  • Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
11

Outliers

The Story of Success

In this stunning new book, Malcolm Gladwell takes us on an intellectual journey through the world of "outliers"--the best and the brightest, the most famous and the most successful. He asks the question: what makes high-achievers different?

His answer is that we pay too much attention to what successful people are like, and too little attention to where they are from: that is, their culture, their family, their generation, and the idiosyncratic experiences of their upbringing. Along the way he explains the secrets of software billionaires, what it takes to be a great soccer player,...
more

Bill Gates[On Bill Gates's reading list in 2011.] (Source)

James AltucherGladwell is not the first person to come up with the 10,000 hour rule. Nor is he the first person to document what it takes to become the best in the world at something. But his stories are so great as he explains these deep concepts. How did the Beatles become the best? Why are professional hockey players born in January, February and March? And so on. (Source)

Cat Williams-TreloarThe books that I've talked the most about with friends and colleagues over the years are the Malcolm Gladwell series of novels. Glorious stories that mix science, behaviours and insight. You can't go wrong with the "The Tipping Point", "Outliers", "Blink" or "David & Goliath". (Source)

See more recommendations for this book...

12

Andrew Carnegie

This masterful biography of a giant of American industry--the first full life of Andrew Carnegie in more than a generation--triumphantly reveals every aspect of the man's complex personality and fabulous career. So varied were Carnegie's activities in industry, politics, education, philanthropy, and pacifism that his life encompasses much of the general history of the United States and of Great Britain down to the outbreak of World War I. Professor Wall is particularly successful in capturing the excitement of America's dynamic period of business expansion in the generation after the Civil... more
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

13

The Warren Buffett Portfolio

The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward.

Building a concentrated portfolio...
more
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

14
David S. Landes tells the long, fascinating story of wealth and power throughout the world: the creation of wealth, the paths of winners and losers, the rise and fall of nations. He studies history as a process, attempting to understand how the world's cultures lead to - or retard - economic and military success and material achievement. Countries of the West, Landes asserts, prospered early through the interplay of a vital, open society focused on work and knowledge, which led to increased productivity, the creation of new technologies, and the pursuit of change. Europe's key advantage lay... more

John KayHe provides an explanation for why Western Europe was the cradle for modern economic growth and looks at the development of the institutions that made modern economic development possible. (Source)

Diane CoyleThe Wealth And Poverty of Nations is one of several really fantastic economic history books of recent times. (Source)

Sean TurnellIt’s the most erudite examination of what causes economic development and growth that’s been written in many decades. (Source)

See more recommendations for this book...

15
A provocative look at mankind's evolution from the ape into the complex creature we call human. By standards of other animals, our powerful civilization appears unique. So do many of our behaviors, including our sexual habits and the ways we select mates. Yet in many respects we are merely another species of ape--our genes are more than 98% identical to those of chimpanzees. 25 line drawings and halftones. less
Recommended by Charles T. Munger, Charlie Munger, and 2 others.

See more recommendations for this book...

16
Explaining what William McNeill called The Rise of the West has become the central problem in the study of global history. In Guns, Germs, and Steel Jared Diamond presents the biologist's answer: geography, demography, and ecological happenstance. Diamond evenhandedly reviews human history on every continent since the Ice Age at a rate that emphasizes only the broadest movements of peoples and ideas. Yet his survey is binocular: one eye has the rather distant vision of the evolutionary biologist, while the other eye--and his heart--belongs to the people of New Guinea, where he... more

Bill GatesFascinating.... Lays a foundation for understanding human history. (Source)

Daniel EkA brilliant Pulitzer Prize-winning book about how the modern world was formed, analyzing how societies developed differently on different continents. (Source)

Yuval Noah HarariA book of big questions, and big answers. The book turned me from a historian of medieval warfare into a student of humankind. (Source)

See more recommendations for this book...

17
The human genome, the complete set of genes housed in twenty-three pairs of chromosomes, is nothing less than an autobiography of our species. Spelled out in a billion three-letter words using the four-letter alphabet of DNA, the genome has been edited, abridged, altered and added to as it has been handed down, generation to generation, over more than three billion years. With the first draft of the human genome due to be published in 2000, we, this lucky generation, are the first beings who are able to read this extraordinary book and to gain hitherto unimaginable insights into what it means... more

Mark ZuckerbergThis book aims to tell a history of humanity from the perspective of genetics rather than sociology. This should complement the other broad histories I've read this year, as well as follow "Energy" well in focusing on science. I've wanted to read Matt Ridley's books for a while. His recent book "The Rational Optimist" about how progress and the economy evolve is also near the top of my... (Source)

Naval RavikantGetting into the more evolution, science kind of books, I really highly, highly recommend picking up Genome [...]. (Source)

See more recommendations for this book...

18
Written with full cooperation from top management, including cofounders Sergey Brin and Larry Page, this is the inside story behind Google, the most successful and most admired technology company of our time, told by one of our best technology writers.

Few companies in history have ever been as successful and as admired as Google, the company that has transformed the Internet and become an indispensable part of our lives. How has Google done it? Veteran technology reporter Steven Levy was granted unprecedented access to the company, and in this revelatory book he takes readers...
more

Bill SlawskiIn The Plex is a great introduction to Google, and the many who work there. I knew many by the patents they file, so it was good to learn more about them as people. Some good insights to some algorithms in the book, too. https://t.co/TVz7GsD8nX (Source)

Alan PierceI’m currently reading “In the Plex: How Google Thinks, Works and Shapes Our Life" and am excited on gaining more insight into how google is changing the world and hopefully to get some valuable understanding I can use to maximize business decisions and read future trends while assessing investment opportunities for my company, ABM Investments. (Source)

See more recommendations for this book...

19
”It is impossible to produce superior performance unless you do something different.” — John Templeton

What makes a successful CEO? Most people call to mind a familiar definition: a seasoned manager with deep industry expertise. Others might point to the qualities of today’s so-called celebrity CEOs—charisma, virtuoso communication skills, and a confident management style. But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term.

In...
more

Warren BuffettIn his 2012 shareholder letter, Buffett praises The Outsiders as "an outstanding book about CEOs who excelled at capital allocation." Berkshire Hathaway plays a major role in the book. One chapter is on director Tom Murphy, who Buffett says is "overall the best business manager I've ever met." (Source)

Michael DellThorndike explores the importance of thoughtful capital allocation through the stories of eight successful CEOs. A good read for any business leader but especially those willing to chart their own course (Source)

Mason HawkinsThe Outsiders is a must-read for leaders—and aspiring leaders—striving to become exceptional CEOs, and for investors interested in partnering with exceptional stewards of corporate capital. (Source)

See more recommendations for this book...

20
John D. Rockefeller, Sr.--history's first billionaire and the patriarch of America's most famous dynasty--is an icon whose true nature has eluded three generations of historians. Now Ron Chernow, the National Book Award-winning biographer of the Morgan and Warburg banking families, gives us a history of the mogul "etched with uncommon objectivity and literary grace . . . as detailed, balanced, and psychologically insightful a portrait of the tycoon as we may ever have" (Kirkus Reviews). Titan is the first full-length biography based on unrestricted access to Rockefeller's exceptionally rich... more

Ryan HolidayA biography has to be really good to make read you all 800 pages. To me, this was one of those books. Since reading it earlier this year, I’ve since found out it is the favorite book of a lot of people I respect. I think something about the quality of the writing and the empathic understanding of the writer that the main lessons you would take away from someone like Rockefeller would not be... (Source)

Adam Townsend@Sociopathlete Great book (Source)

Anas Alhajji@Morg2006 Yep, I already have it. great book. (Source)

See more recommendations for this book...

Don't have time to read Charlie Munger's favorite books? Read Shortform summaries.

Shortform summaries help you learn 10x faster by:

  • Being comprehensive: you learn the most important points in the book
  • Cutting out the fluff: you focus your time on what's important to know
  • Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
21
This biography chronicles William Gates' rise as the most powerful player in the computer industry--a man who has revolutionized the software industry with the incredible growth of his Microsoft company, that now threatens gigantic IBM. Reveals Gates' personal quirks and idiosyncrasies which helped fuel his fierce competitive spirit. Interviews Gates' closest friends, associates and former employees, and details IBM's as well as Apples' efforts to topple his Microsoft empire. less

See more recommendations for this book...

Don't have time to read Charlie Munger's favorite books? Read Shortform summaries.

Shortform summaries help you learn 10x faster by:

  • Being comprehensive: you learn the most important points in the book
  • Cutting out the fluff: you focus your time on what's important to know
  • Interactive exercises: apply the book's ideas to your own life with our educators' guidance.