David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
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David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
Charlie Munger, Warren Buffett’s partner and vice chairman of Berkshire Hathaway, stresses the importance of having a broad theoretical toolbox – not to be a good academic, but to have a good, pragmatic grip on reality. He regularly explains to students which mental models have proven most useful to help him understand markets and human behaviour.
... See moreSönke Ahrens • How to Take Smart Notes: One Simple Technique to Boost Writing, Learning and Thinking – for Students, Academics and Nonfiction Book Writers
To quote Charlie Munger, “80 or 90 important models will carry about 90 percent of the freight in making you a worldly-wise person. And, of those, only a mere handful really carry very heavy freight.”
Rhiannon Beaubien • The Great Mental Models Volume 1: General Thinking Concepts
Charlie Munger's 7 Iron...
“Quickly eliminate the big universe of what not to do; follow up with a fluent, multidisciplinary attack on what remains; then act decisively when, and only when, the right circumstances appear.”
Charles T. Munger • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
I think a select few—a small percentage of the investment managers—can deliver value added. But I don't think brilliance alone is enough to do it. I think that you have to have a little of this discipline of calling your shots and loading up—you want to maximize your chances of becoming one who provides above average real returns ... See more