Munger Reflects on Poker, Business, and Buffett

Charles T. Munger, vice-chairman of Berkshire Hathaway Corporation, joined Law School Dean Martha L. Minow in a conversation about law, poker, and his business partner Warren E. Buffett Monday in Wasserstein Hall.

Munger, who graduated from Harvard Law School in 1948, discussed how he has always been drawn to the practice of law, though he is recognized for his career in finance.

He spoke of his friendship with late Law School Dean N. Roscoe Pound. He said that, after initially being rejected from the Law School, Pound, a family friend, admitted Munger after a brief phone conversation.

“I collect peculiar people like [Roscoe Pound],” he said.

While discussing his debut in the corporate world, Munger said playing poker while serving in the army helped him develop business strategies.

“The chief thing I learned from poker was that when you really have an edge you have to push hard because you don’t get edges that often,” he said.

Additionally, Munger encouraged the budding lawyers and entrepreneurs in the audience to reach out to individuals for whom they want to work.

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