Value-Stock-Plus

Letters to Shareholders of Wesco Financial Corporation

• Letters to Shareholders (1997 – to-date)
• Annual Reports (1997 – to-date)
• 1990 Letter
• 1989 Letter
• 1984 Letter
• 1983 Letter

Other Links of Wesco Financial Corporation

• Interim Reports (1997 – to-date)
• Wesco’s EDGAR Fillings
• Wesco’s Code of Business Conduct and Ethics

Shareholders Meeting Notes

- Wesco Financial – The Motley Fool Board

- For Other Years – OID.com

1998
- SirRoyce

1999

- MF & Robert Porter

2000

- MF1, MF2 & MF3 by Whitney Tilson

2001

- MF & Whitney Tilson

2002

- The Best of Charlie Munger by Whitney Tilson (full notes available here)

- Notes by gdefelice (here), WuLong (here) and RoughlyRight

- 2003

- Whitney Tilson

- RoughlyRight

2004

- Whitney Tilson

2005

- Whitney Tilson

- Notes by Eric Hartman, teabone , hartmanbirge and SteveY (free registration required).

- Morningstar.com

- Barrons Blog

2006

- Whitney Tilson

- Notes by Mungerian

2007

- Gurufocus

2008

- Gurufocus (Srinivas Korada)
- Gurufocus  (Dah Hui Lau)
- Fool.com

Speeches & Lectures

• Munger View On The Environment (iStockAnalyst – October 24, 2008)
• DuBridge Distinguished Lecture: A Conversation with Charlie Munger (March 11, 2008 – Caltech) (Direct Link)
• USC Law School Commencement Speech USC Law (May 13, 2007) (Video) (Points)
• Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs (October 3, 2003 – University of California, Santa Barbara) (Notes by Whitney Tilson)
• Art of Stock Picking
• The Psychology Of Human Misjudgment (html) (1995 – Harvard Law School) (Audio – registration required)
• The Munger Network of Mental Models (1995 – paper by Rich Rockwood) (Notes)
• A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business (1994 – USC Business School)

Interviews

• Charlie Munger: Boom and bust is normal (BBC – October 26, 2009) (More)
• Interview with Charlie Munger (FT – July 12, 2009)
• Q&A: Legal Matters with Charles T. Munger (Stanford Lawyer – May Issue) (pdf)
• Interview with Charlie Munger (CNBC – May 1, 2009)
• The World According to “Poor Charlie” (December 2005 – Kiplinger)
• Chatting with Charlie: The Mark Twain of Finance (Fall 2002 Stanford Lawyer – Issue 64 – page 11)

Articles by Charlie Munger

• Basically, It’s Over by Charlie Munger (February 19, 2010 – Slate)
• How We Can Restore Confidence (February 11, 2009 – Washington Post)
  Our situation is dire. Moderate booms and busts are inevitable in free-market capitalism. But a boom-bust cycle as gross as the one that caused our present misery is dangerous, and recurrences should be prevented. The country is understandably depressed — mired in issues involving fiscal stimulus, which is needed, and improvements in bank strength. A key question: Should we opt for even more pain now to gain a better future? For instance, should we create new controls to stamp out much sin and folly and thus dampen future booms? The answer is yes.
• The Great Financial Scandal of 2003
  At the Wesco Financial Corporation 2001 Annual Meeting, CEO Charles T. Munger, who’s also Vice Charirman of Berkshire Hathaway and Warren Buffett’s closest colleague, distributed the following story. A fable, yes, but highly educational nonetheless . . .
• Optimism Has No Place in Accounting – By Charles T. Munger (April 4, 2002 - Washington Post )
• A Perverse Use of Antitrust Law (Washington Post – September 2000)

Articles on Charlie Munger

• The unknown genius Exchange Translation by Google Translate (FT German – November 17, 2009) (German Version)
• Here’s the Story on Berkshire’s Munger (WSJ – May 1, 2009)
• Dimon, Munger, Rohatyn: No More Vegas (Forbes – October 13, 2008)
• Warren Buffett’s Best Man (Smart Money – September 2, 2008)
• Value Talk: Buffett’s Partner, Charlie Munger (Gurufocus – September 2, 2008)
• Meet the man behind Buffett (Lubbock – May 24, 2008)
• Berkshire’s No. 2 man helps from the background (May 17, 2008 – USAT)
• Munger Speaks on Berkshire’s Success (May 10, 2007 – Morningstar)
• Random Gleanings (February 10, 2005 – Bankstocks)
• Buffett’s alter ego (May 26, 2006 – Fortune)
• Charlie Munger in Rare Form (May 7, 2004 – Whitney Tilson at TMF)
• Dueling views of reform (June 22, 2004 – SFC)
  Article in the San Francisco Chronicle about Munger’s comments at Stanford Law School Directors College
• The Daily Defendant (December 11, 2001 – Forbes)
• Munger Warns on Upbeat Stock Assessments (May 28, 2001 – LABJ)
• Charlie Munger is featured in the Harvard Law Bulletin (Summer 2001)
  In the Money: Alumni financiers take stock of the market and careers spent trying to beat it – Margie Kelley
• God, Stephen Wolfram, and Everything Else (November 27, 2000 – Forbes) (Notes 1, 2 & 3)
• Thoughts on Chain Stores – From Vice-Chairman Munger (October 20, 1999 – Dale Wettlaufer MF)
• Charles T. Munger: a Tycoon Who Loves Monopolies (June 1, 1999 – Metropolitan News-Enterprise)
• Charlie Munger: Warren’s Right-Hand Man (April 29, 1999 – Motley Fool)
• Berkshire Brunch (October 12, 1998 – Forbes)
• Friendly investment advice from Warren Buffett’s buddy (October 18, 1996 - SFBT)

Quotes

• Legal News
• The Equity Desk
• Google

Books on Munger

• Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe (2003)
• Seeking Wisdom: From Darwin to Munger by Peter Bevelin (2003)
• Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Peter Kaufman (2005 and 2006 for the second edition)

Books Recommended by Munger (Direct Amazon Link with complete list)

• Deep Simplicity by John Gribbin
• F.I.A.S.C.O.: The Inside Story of a Wall Street Trader by Frank Partnoy
• Ice Age by John & Mary Gribbin
• How the Scots Invented the Modern World: The True Story of How Western Europe’s Poorest Nation Created Our World and Everything in It by Arthur Herman
• Models of My Life by Herb Simon
• A Matter of Degrees by Gino Segre
• Andrew Carnegie by Joseph Frazier Wall
• Guns, Germs, and Steel: The Fates of Human Societies by Jared Diamond
• The Third Chimpanzee by Jared Diamond
• Influence: The Psychology of Persuasion by Robert B. Cialdini
• The Autobiography of Benjamin Franklin
• Living Within Limits: Ecology, Economics, and Population Taboos by Garrett Hardin
• The Selfish Gene by Richard Dawkins
• Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
• The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor by David S. Landes
• The Warren Buffett Portfolio by Robert Hagstrom
• Genome: The Autobiography of a Species in 23 Chapters by Matt Ridley
• Getting It Done: How to Lead When You’re Not in Charge by Roger Fisher and Alan Sharp
• Three Scientists and Their Gods by Robert Wright
• Only the Paranoid Survive by Andy Grove
• Valueline Series (US)