Wisdom accumulated over decades by late investor Charlie Munger continues to be shared and celebrated through books, drawing endorsements from prominent figures in the financial world.
Billionaire investor Bill Ackman praised “Buffett & Munger Unscripted,” a compilation of insights from Munger and his longtime business partner Warren Buffett, calling it “a great book.” The Pershing Square Capital Management CEO shared his thoughts on the book, authored by Alex Morris, which draws from annual shareholder meetings between 1994 and 2023.
The book highlights how Warren Buffett and Charlie Munger transformed Berkshire Hathaway Inc. from a struggling textile operation into a large conglomerate. Key investment principles covered include opportunity cost evaluation, mental filtering techniques, and questioning modern finance theories.
This praise comes as Mr. Buffett, 94, plans to step down as Berkshire Hathaway Inc. CEO by the end of the year. Greg Abel has been named as his successor.
Mr. Buffett recently offered a new list of recommended reading at the 2025 Berkshire Hathaway shareholder meeting. The list includes 27 titles covering business, life, and the company’s history.
Several books about or featuring Charlie Munger appear on Mr. Buffett's reading list. The 2024 shareholder meeting honored Mr. Munger with the promotion of "Poor Charlie's Almanack," a book detailing his wit and wisdom. Other Munger-related titles on the new list include "Charlie Munger: The Complete Investor" and "Seeking Wisdom: From Darwin to Munger."
The recommended books serve as a blueprint, suggesting that a broad range of reading can aid investors. Mr. Buffett once stated that emotional discipline matters more than intelligence in investing.Mr. Buffett’s planned departure follows decades of leadership alongside Charlie Munger. Leaders like Apple Inc. CEO Tim Cook and Microsoft Corp co-founder Bill Gates have paid tribute to Mr. Buffett.Mr. Buffett maintains Berkshire Hathaway Inc.’s cash position, stating he is ready to invest large sums when opportunities arise. This follows Berkshire's sale of some Apple stock last year and continued confidence in investments like Japanese trading companies.