A Conversation with Charlie Munger (University of Michigan, 2011)

Munger spent a year at the University of Michigan before World War II interrupted his studies, and this 2011 return to Ann Arbor has the loose, autobiographical quality of a man talking to his own school. It runs over an hour and wanders by design — from how he learned to think, to how he and Buffett actually make decisions, to plainspoken advice for students about character, patience, and avoiding stupidity.

Why watch it. Because it’s long and unhurried. Without a room full of shareholders steering the questions toward markets, Munger has space to tell stories and follow tangents, and the result is one of the better long-form portraits of how he reasons.

The video linked is the University of Michigan conversation. For the same format at a different school six years later, see the 2017 Michigan Ross session.