This is Charlie Munger.
Five Simple Notions that Solve Problems
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Widely-respected investor Charlie Munger on how to avoid falling victim to intense ideology and unclear thinking:
“I have what I call an ‘iron prescription' that helps me keep sane when I drift toward preferring one intense ideology over another. I feel that I'm not entitled to have an opinion unless I can state the arguments against my position bet... See more
“I have what I call an ‘iron prescription' that helps me keep sane when I drift toward preferring one intense ideology over another. I feel that I'm not entitled to have an opinion unless I can state the arguments against my position bet... See more
James Clear • 3-2-1: On taking action, tips for writers, and good relationships
Peter Kaufman: How many people do you know that are constant at what they do? I know a couple. Warren Buffett and Charlie Munger. Everybody wants to be rich like Warren Buffett, Charlie Munger. I’m telling you how they got rich. They were constant. They were not intermittent.
Thomas Waschenfelder • The Most Powerful Force You Can Harness: Slow, Incremental, Constant Progress - Ideas of wealth cre — Wealest
“The iron rule of nature is: You get what you reward for. If you want ants to come, you put sugar on the floor.” — Munger
It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it—who look and sift the world for a mispriced be—that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. ... See more
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
Charlie Munger’s formula: “There is an old two-part rule that often works wonders in business, science, and elsewhere: (1) Take a simple, basic idea and (2) take it very seriously.”
David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
I’m sure Warren Buffett spends a lot of time reading. But always remember that his wealth was built on the balance of compounding wisdom and relationships. In fact, the two reinforced each other. Go and do likewise.
neckar.substack.com • The Reading Obsession
Well, so much for Carson’s three prescriptions. Here are four more prescriptions from Munger:
Charlie Munger • “How to Guarantee a Life of Misery”
Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
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