Charlie Munger

Charlie Munger is best known as the Vice Chairman, and Warren Buffett's second in command, at Berkshire Hathaway. He is also the CEO of Wesco. Munger, a graduate of Harvard Law School, was practicing law in Omaha, Nebraska when he met Warren Buffett, who would eventually convince him to change careers.

Contents 1 Foolish Take 2 Expanded Definition 3 Related Fool Articles 4 Related Community Blogs 5 Related Terms 6 Recent Mentions on Fool.com

Foolish Take

One of Tom Gardner's favorite Munger principles is the notion -- first popularly advanced by 19th century mathematician Carl Jacoby -- that to get closer to the right answer, scholars should "invert, always invert." For Munger as an investor, this means stacking up all the reasons you like a stock. But then, before considering purchase, invert -- list all of the reasons to dislike that same stock. Munger believes this more scientific approach will force you to see things as they really are.

Expanded Definition

Related Fool Articles

• Munger Goes Mental
• Striking it Rich

Related Community Blogs

Related Terms

• Poor Charlie's Almanack
• Multidisciplinary mental models
• Wesco Financial
• Berkshire Hathaway
• Warren Buffett

Recent Mentions on Fool.com

• Understanding Goldman Sachs (GS)
• Buffett Bags His Elephant (BNI, BRK-A, BRK-B)
• The Unlikeliest Dividend Play
• The Coming Financial Time Bomb
• Not Listening to Buffett Cost Me Thousands
• All Intelligent Investing Is Value Investing