Who are your idols? Who have had profound impact on your thinking? Who have contributed a lot in shaping up your personality, your philosophy? Who have inspired you and motivated you?
Every person would have some “idols” or influencers. That could be a single person or many people for various aspects/qualities. They could be your parents, family, friends or public figures (including “eminent dead”). How do you discover them? At what stage you “realize” that they have caused deep impact on you?
These are the questions that often fascinate me. Someone said to the effect” “Tell me what songs your youth sing and I’ll tell you future of your nation”. On similar lines I feel that one can get great insights about future by seeing who the society idolizes. If Kim Kardashian is the person you idolize, well, you are headed towards fast extinction.
And the person you idolize may change over the years, because you change and grow or the person changes and is no more relevant. The so-called “eternal” idols, or thoughts only mean that they sustain for longer period – maybe decades or even centuries.
So who are my idols – as of today? Well, I want to write about them in detail, so won’t list all the names. But I’ll begin with the first one today.
His name is Charles T Munger, also known as “Charlie Munger” – the longtime partner of Warren Buffett and Berkshire Hathaway Vice-Chairman.
Warren Buffett is well known for his wealth and wit. But not everybody would know that one of the biggest influencers in Warren’s life is Charlie. Warren is very outspoken and you can find hundreds of interviews, books and articles on Warren. But there is not much material available about Charlie Munger. Or, it wasn’t until recently. There are four well-known books about Charlie Munger, and I possess and have read all of them.
There is another book I discovered recently, “On Success by Charlie Munger” which I am yet to read.
And then there are few interviews and speeches of Charlie on Youtube which I highly recommend. I will share some links at the end.
I “discovered” Charlie Munger very late in my life – when I was 31 years old. I knew Warran Buffett for few years before that and had read everything about him. I had also known Charlie as his partner, through speeches and Shareholder Letters of Buffett, but I had not “followed” Charlie much.
In general, Charlie was not very popular till 2000s (I maybe wrong on this. Maybe I am speaking only about India). But the more you read about him and listen to him, the more you crave for his worldly wisdom.
Charlie is 94 years old and still very active. Warren Buffett is 6 years younger – 88 and again, very active. The duo has now achieved a cult status (Warren had achieved it many decades ago) and people queue up whenever these two make a public appearance and talk.
What I like about Charlie and the reason I consider him as idol are two excellent qualities:
- Charlie Munger is extremely well-read and has indulged in lifelong passion of accumulating knowledge and learning multidisciplinary skills. He quotes Confucius and Ben Franklin and Seneca and many others. To quote Charlie: “That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent deadwho had the right ideas, I think it will work better in life and work better in education”. He also quotes contemporary thinkers and even people who were born 30-40 years after him. So he has no qualms on giving credit to whom it is due. In fact, Charlie is like a window to many other great thinkers. I got to know about many other people through Charlie’s citations, examples, quotes and then pursued these people further. In nutshell. Charlie is like an “aggregator” of all good things, knowledge, wisdom etc. You follow him as the first step and then you can follow others
- The second reason is that Charlie has also developed his own thinking over the years. He often talks about “Mental Models” – frameworks for thinking and decision making which he has developed or compiled over the decades, and he keeps on updating and improvising them. Mental Models is a unique contribution of Charlie Munger because of which many people in investing community now rate Charlie Munger above Warren Buffett (and I don’t think Buffett would mind that. He acknowledges that often)
Here is an excellent article/blog on compilation of Mental Models of Charlie Munger (113 models as of today).
Mental Models: The Best Way to Make Intelligent Decisions (113 Models Explained)
I also stumbled upon a document consisting of “The Best of Charlie Munger from 1994 to 2011”. Whoever has compiled it needs a big applause! Here is the 349 page document.
Lastly, I will end this post by sharing few Youtube videos which I particularly liked:
This article is resourceful
Awesome! I love Charlie Munger too! He’s like an encyclopedia!