Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom"--a set of interdisciplinary mental models...

Frontmatter -- Contents -- Foreword -- Preface to the Updated Edition -- Preface to the First Edition -- 1. The Unemployment Century -- 2. Unemployment in Theory -- 3. The Neoclassical/Austrian Approach: An Overview -- 4. The Gilded Age -- 5. From New Era to New Deal -- 6. The Banking Crisis and...