B000U5KFIC EBOK

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Authors: Janet Lowe
Hof an ideal education, and I don't think you are either, Warren. I
learn better sort of plowing through written material by myself. I've done
a lot of that in my life. I frequently like the eminent dead better than the
live teachers."
    Buffett confessed that his main objective in college was "getting
out." He was impatient to get on with life and start his career as an investor, though Buffett said that attending graduate school at Columbia
University and studying under the legendary investor Benjamin Graham
was one of the most important things he did.'
    Charles Munger once described himself as having a black belt in
chutzpah, and probably that trait helped him rise to the challenge." He
had grown up in the households of a judge and a business lawyer, and had
been exposed to lawyerly thinking all of his life. He also was opinionated,
almost to the point of arrogance. When a professor called upon him to answer a question that Munger was not prepared for, he responded, "1
haven't read the case, but if you give me the facts, I'll give you the law.
    Munger later came to realize that conversational gambits of that type
were foolish and impeded his progress in life. Remembering the incident,
Munger says he doesn't know why he behaved so badly, but he thinks it
may have been partly due to hereditary factors that he has subdued but
not conquered. He has admitted, in fact, that he apparently was behind
the door when humility was handed out.
    One of Charlie's Harvard Law classmates, Henry Gross, became a
successful investment counselor in Los Angeles, and defended Munger when an acquaintance remarked that prosperity was making Charlie
pompous. "Nonsense," said Gross. "I knew him when he was young and
poor; he was always pompous."

    Munger can be highly self-assured and sometimes reactive, but what
saves him is that his opinions aren't set in stone. James Sinegal, president
and chief executive officer for Costco, said Charlie doesn't "have an
agenda. If you don't buy off on his viewpoint, he doesn't pout. He's prepared to move on with the conversation."
    While at Harvard, Charlie again had it sister nearby: Carol arrived to
study at Radcliffe. "I babysat their first child (Teddy). I fed him his
Pablum dry-I was so unfamiliar with babies," said Carol. "He ate it, too.
It didn't kill him."
    Molly, the Munger's first daughter, was born in Massachusetts and
was brought home from the hospital to cramped student quarters. "I used
to move her crib into the bathtub each night. It was it small crib and fit
well," said Charlie.
    At Harvard Charlie was as sociable as he had been in elementary and
high school hack in Omaha. He circulated widely among different types
of people. Walter Oherer, who later became dean of the law school at the
University of Utah, worked with Munger on the Harvard Lain Review. On
one occasion, they spent many days in the lower parts of the Widener Library checking citations in it turgid article written by a European scholar.
"After about four days Oberer said that our situation reminded him of a
time when he was working as a pick-up clay laborer inside box cars in
120-degree heat alongside it tramp who needed money for food. Finally,
the tramp threw down a grain sack and walked off saying, 'Fuck this shit.
I didn't kill anybody.' Nonetheless, Oberer stayed the course to the end at
the Harvard Lain Review. But after a while, I imitated the tramp."
    Munger completed law school in 1948, along with Kingman Brewster
who became the president of Yale University, Ed Rothschild, who
founded the law firm of Rothschild, Stevens and Barry in Chicago and
Joseph Flom, who went on to become it famous lawyer in New York.
Charlie was one of 12 in the 335-member class to graduate magna cum
laude.
    He talked to his father about returning to Omaha to practice law, but
despite the connections that Charlie might enjoy there, Al Munger advised against it. Apparently Al felt that Omaha was too small it

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