Summary of Damn Right!
Behing the Scenes with Berkshire Hathaway Billionaire Charlie Munger
Buffett's cohort Charlie Munger made a fortune with integrity, good investments and, he says, a "black belt in chutzpah."
Charlie Munger’s life story is a version of the classic American Dream: a hard-working young man builds a billion-dollar fortune through hard work and honest business deals, all the while raising eight children with the help of an intelligent, devoted wife. Author Janet Lowe brings this story and Munger’s personality to life with well-chosen anecdotes from family, friends and business associates. These include, most notably, Warren Buffett, with whom she already enjoyed a rapport thanks to her work on a previous bestseller, Warren Buffett Speaks. Because Munger’s business history is so complex, the chapters are organized thematically rather than strictly chronologically, which can be a bit confusing. Thankfully, Lowe provides a handy timeline in an appendix. getAbstract.com suggests this book to investors, Buffett fans (who may underestimate the contributions others such as Munger have made to the Berkshire Hathaway empire) and to those dismayed by corporate corruption who could use this tale of honest success to renew their faith in capitalism.
In this summary, you will learn
- The life story of Charlie Munger
- How he became a billionaire through investments in real estate and corporate acquisitions
- How he helped Warren Buffett make Berkshire Hathaway successful
About the Author
Janet Lowe, an investment writer and author, wrote Warren Buffett Speaks, as well as Welch: An American Icon and The Man Who Beats the S&P: Investing with Bill Miller. She has served as editor of the San Diego Daily Transcript and financial editor of the San Diego Tribune. In addition, she has published more than 200 business articles.
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