Charles Munger

I am a fan of Warren Buffett, despite his awful views on political science.

Buffett's business partner is the lesser-known Charles Munger. He has better political views than Buffett. However, like Buffett, he is a very steady, rational and thoughtful person. Here is a long (1;45 hrs) video of Munger giving a talk at Caltech, for anyone who is curious as to what it might take to be one of the richest men in the world.

Heroes and Mentors

I love reading about heroes, and I admire people who are hero-worshippers. Warren Buffet writes about his college days (the first line made me think of Roark seeking out Cameron):

I attended Columbia University's business school in 1950-51, not because I cared about the degree it offered, but because I wanted to study under Ben Graham, then teaching there. The time I spent in Ben's classes was a personal high, and quickly induced me to learn all I could about my hero. I turned first to Who's Who in America, finding there, among other things, that Ben was Chairman of Government Employees Insurance Company, to me an unknown company in an unfamiliar industry.

A librarian next referred me to Best's Fire and Casualty insurance manual, where I learned that GEICO was based in Washington, DC. So on a Saturday in January, 1951, I took the train to Washington and headed for GEICO's downtown headquarters. To my dismay, the building was closed, but I pounded on the door until a custodian appeared. I asked this puzzled fellow if there was anyone in the office I could talk to, and he said he'd seen one man working on the sixth floor.

And thus I met Lorimer Davidson, Assistant to the President, who was later to become CEO. Though my only credentials were that I was a student of Graham's, "Davy" graciously spent four hours or so showering me with both kindness and instruction. No one has ever received a better half-day course in how the insurance industry functions nor in the factors that enable one company to excel over others.

... ... Davy has been one of my heroes for the 45 years I've known him, and he's never let me down. You should understand that Berkshire would not be where it is today if Davy had not been so generous with his time on a cold Saturday in 1951..

Of course Berkshire would be here regardless of Davy... Buffett is too goal-directed for that, and is just "being humble". Still, I love the way he admires the good.