{"id":964,"date":"2017-12-05T22:07:59","date_gmt":"2017-12-05T22:07:59","guid":{"rendered":"http:\/\/charliemungersays.com\/?p=964"},"modified":"2017-12-06T07:23:19","modified_gmt":"2017-12-06T07:23:19","slug":"141-the-mentor-par-excellence","status":"publish","type":"post","link":"https:\/\/charliemungersays.com\/index.php\/2017\/12\/05\/141-the-mentor-par-excellence\/","title":{"rendered":"141. The Mentor Par Excellence"},"content":{"rendered":"

\"\"<\/a>\u00a0<\/strong><\/b>Excellent Book: Charlie Munger For All Seasons<\/a><\/p>\n

(1) The\u00a0Mentor Par Excellence<\/strong><\/b><\/p>\n

Who shapes the way you see the world? What makes this person someone you want to emulate in your life and career? I was lucky enough to be introduced to Charlie Munger and his business philosophy by a mutual friend many years ago.<\/p>\n

What I have learned from Charlie Munger changed how I approached psychology, leadership, and investing. I will share how he impacted the way I work with my clients.<\/p>\n

You might be thinking that\u2019s an odd combination to learn from one person. I\u2019ll try to share why they work so well together while introducing you to this fascinating leader. Bill Gates said, \u201cCharlie Munger is truly the broadest thinker I have ever encountered.\u201d High praise coming from a man who has had a major impact on the\u00a0world for well over 30 years.<\/p>\n

(2) <\/strong>One of the most influential people that a majority of people don\u2019t know.<\/strong><\/b><\/p>\n

Charlie Munger is one of the most influential people that a majority of people don\u2019t know.\u00a0 Charlie is Warren Buffett\u2019s business partner and Vice Chairman at Berkshire Hathaway.\u00a0 He\u2019s provided Warren with his advice and outlook on business since the mid 1970\u2019s. \u00a0While they have very complementary leadership styles, saying merely that would do a disservice to this rare and long term friendship.<\/p>\n

(3)<\/strong> With Good People Combine or Interact: On Plus One is More Than Two<\/strong><\/b><\/p>\n

When you see them together you might underestimate their impact on each other\u2019s leadership. Charlie can dissect ideas and businesses faster than anyone I\u2019ve ever seen. But even Charlie would say that it\u2019s not his intelligence that provides Warren an edge. He is a multidisciplinary dynamo who is very good at understanding complex challenges through many different viewpoints.<\/p>\n

(4) A Guy Was Wondering What Happened: He Just Got Hit By A Barrage of Questions from Charlie Munger<\/strong><\/b><\/p>\n

Now for the downside, he is very capable of making an individual feel unprepared even after weeks of preparation. He is very direct when asking questions.\u00a0 He can also ask a barrage of questions that leave most people wondering what just happened to them. The people who work with him on a regular basis really enjoy interacting with him.<\/p>\n

In the spirit of full disclosure, let me say I know many leaders across the Berkshire Hathaway organization. I\u2019ve been working with them since 1986 when Warren and Charlie bought a friend\u2019s business; Scott & Fetzer. In 1986, this acquisition, along with Cap Cities, took Warren\u2019s net worth to over a billion dollars.<\/p>\n

I worked with Kirby as a door to door salesman back then. I was given a chance to work with many outstanding executives inside Berkshire Hathaway over the next 30 years, many serving at the top of their respective organizations.<\/p>\n

(5)<\/strong> There\u2019s A Lot That You Can Learn from Attending Woodstock for Capitalists<\/strong><\/b><\/p>\n

Let me share why I think Charlie Munger is such a great model for entrepreneurs today. \u00a0All who know Charlie share very positive stories about what he brings to the leadership partnership with Warren Buffett. I also know many investors in their organization that go to Omaha for annual meetings of the Warren & Charlie show. They sell products from their many different divisions at their annual meeting. It\u2019s been described as Woodstock for Capitalists.<\/p>\n

The different division CEOs meet with investors and the press throughout the several day event. It\u2019s unconventional to say the least.\u00a0 You just never know what you will learn at these meetings.<\/p>\n

You can also learn by reading Berkshire Hathaway\u2019s annual reports and resources where Warren shares his and Charlie Munger\u2019s ideas on the past year and where they see the business going in the coming year. This should be required reading for entrepreneurs who want to build an extraordinary organization. They are well written, but more importantly they cut through the BS you find in so many other annual reports.<\/p>\n

I believe that these reports perfectly reflect these leaders\u2019 style and temperament. It\u2019s also why Berkshire Hathaway stock is held by many of the world\u2019s most successful investors. Each share goes for $190,000. By the time you finish this series you may decide to go out and get several shares. There are also class B stocks you can buy. I don\u2019t own any stock since an early mentor suggested owning shares could be a conflict of interest when providing unvarnished advice to their different leadership teams. This could be the worst advice I have ever received!<\/p>\n

I\u2019m out of time today, but I hope you will stick around for the next couple of blogs to see what makes this team so successful. In my job, I\u2019ve had the opportunity to work with many different CXOs over the past 30 years.\u00a0 I\u2019ve also worked at the senior level with several presidential administrations, one on each side of the aisle. I\u2019ve worked with people who became Governors, Senators, and Congressmen.<\/p>\n

What I learned over the past 30 years from Warren and Charlie has been applied to helping many Fortune 1000 global leaders build their organizations. Stick around as we start sharing ideas that can transform the way you work with other leaders. Over the coming year, I plan to share several stories that will help you increase your impact on others.<\/p>\n

Source: Tripp Braden – Charlie Munger Leadership<\/a> – http:\/\/www.trippbraden.com\/2016\/01\/19\/charlie-munger-leadership\/<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Excellent Book: Charlie Munger For All Seasons (1) The\u00a0Mentor Par Excellence Who shapes the way you see the world? What<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-964","post","type-post","status-publish","format-standard","hentry","category-investment","category-wisdom"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/comments?post=964"}],"version-history":[{"count":5,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/964\/revisions"}],"predecessor-version":[{"id":971,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/964\/revisions\/971"}],"wp:attachment":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/media?parent=964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/categories?post=964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/tags?post=964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}