4 ms·

This is by Charlie Munger, Warren Buffett's less-public partner. https://en.wikipedia.org/wiki/Charlie_Munger https://en.wikipedia.org/wiki/Charlie_Munger The

by sivers 10y ago

This is by Charlie Munger, Warren Buffett's less-public partner. https://en.wikipedia.org/wiki/Charlie_Munger https://en.wikipedia.org/wiki/Charlie_Munger There are two great books collecting his thoughts: https://sivers.org/book/SeekingWisdom https://sivers.org/book/SeekingWisdom https://www.poorcharliesalmanack.com/pca.php https://www.poorcharliesalmanack.com/pca.php His main quip is, "All I want to know is where I'm going to die, so I'll never go there." It's meant metaphorically, in that his approach to success is mainly to just avoid mistakes. (He's my hero.)

danvoell 10y ago
Interesting. I've read quite a few of Buffett's year-end reports, I wonder how much of these are written by Munger? Their writing style seems to overlap a little.
- dforrestwilson 10y ago
  Charlie influences Warren's style for sure. He edits the rough drafts and gives feedback to Warren.
  - caycep 10y ago
    And the amusing thing is during the meetings, while Warren is going to town on the podium, he just sits back and eats candy with this wry smile on his face...
    - dharmon 10y ago
      "Nothing to add..."
- deleted 10y ago
  [deleted]
johnwheeler 10y ago
Thanks Derek. Here's more information about Charlie Munger: He lost his three year old son to cancer. He has a glass eye due to a botched surgery. He didn't start accumulating wealth until his late thirties. He owns a huge catamaran boat: http://sbsail.com/wp-content/uploads/2015/11/011-IMG_0019.jpg http://sbsail.com/wp-content/uploads/2015/11/011-IMG_0019.jp... Also, Charlie frequently mentions inversion as one of the most powerful mental models. Another powerful model says the models themselves can combine to have a multiplicative, "lollapalooza" effects. In that, he stresses being multidisciplinary. To the man with a hammer, everything's a nail. Combining ideas from philosophy, psychology, economics, finance, and even chaos theory--rationality is Charlie's highest virtue. Here's a list of books Charlie recommends you read to gain insight into the Munger System. http://www.mymentalmodels.info/charlie-munger-reading-list/ http://www.mymentalmodels.info/charlie-munger-reading-list/ Poor Charlie's Almanac is fantastic. There's a story about Coca-Cola being a 2 trillion dollar company one day that will raise your eyebrows and give you insight into how they think about investments. If you're like me and you can't get enough, kill a few hours with these: https://www.youtube.com/watch?v=4ibabROYccs https://www.youtube.com/watch?v=4ibabROYccs https://www.youtube.com/watch?v=rEBX5z56WPs https://www.youtube.com/watch?v=rEBX5z56WPs https://www.youtube.com/watch?v=K6RS_PqudxU https://www.youtube.com/watch?v=K6RS_PqudxU

by sivers 10y ago

danvoell 10y ago

Interesting. I've read quite a few of Buffett's year-end reports, I wonder how much of these are written by Munger? Their writing style seems to overlap a little.

dforrestwilson 10y ago
Charlie influences Warren's style for sure. He edits the rough drafts and gives feedback to Warren.
- caycep 10y ago
  And the amusing thing is during the meetings, while Warren is going to town on the podium, he just sits back and eats candy with this wry smile on his face...
  - dharmon 10y ago
    "Nothing to add..."
deleted 10y ago
[deleted]

johnwheeler 10y ago

Thanks Derek. Here's more information about Charlie Munger: He lost his three year old son to cancer. He has a glass eye due to a botched surgery. He didn't start accumulating wealth until his late thirties. He owns a huge catamaran boat: http://sbsail.com/wp-content/uploads/2015/11/011-IMG_0019.jpg http://sbsail.com/wp-content/uploads/2015/11/011-IMG_0019.jp... Also, Charlie frequently mentions inversion as one of the most powerful mental models. Another powerful model says the models themselves can combine to have a multiplicative, "lollapalooza" effects. In that, he stresses being multidisciplinary. To the man with a hammer, everything's a nail. Combining ideas from philosophy, psychology, economics, finance, and even chaos theory--rationality is Charlie's highest virtue. Here's a list of books Charlie recommends you read to gain insight into the Munger System. http://www.mymentalmodels.info/charlie-munger-reading-list/ http://www.mymentalmodels.info/charlie-munger-reading-list/ Poor Charlie's Almanac is fantastic. There's a story about Coca-Cola being a 2 trillion dollar company one day that will raise your eyebrows and give you insight into how they think about investments. If you're like me and you can't get enough, kill a few hours with these: https://www.youtube.com/watch?v=4ibabROYccs https://www.youtube.com/watch?v=4ibabROYccs https://www.youtube.com/watch?v=rEBX5z56WPs https://www.youtube.com/watch?v=rEBX5z56WPs https://www.youtube.com/watch?v=K6RS_PqudxU https://www.youtube.com/watch?v=K6RS_PqudxU