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From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life. Originally published in 2005, this compendium of eleven talks delivered by Charles T. Munger between 1986 and 2007 has become a touchstone for a generation of investors and entrepreneurs. It draws on Munger's encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics to introduce the latticework of mental models that underpin his rational approach to life, learning, and decision-making.