Sublime

A managerial “wish list” will not be filled at shareholder expense. We will not diversify by purchasing entire businesses at control prices that ignore long-term economic consequences to our shareholders. We will only do with your money what we would do with our own, weighing fully the values you can obtain by diversifying your own portfolios throu

WARREN BUFFETT Founder and CEO, Berkshire Hathaway

As Charlie Munger says, “The first rule of compounding: Never interrupt it unnecessarily.”

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.

Munger has a way of thinking through problems using what he calls a broad latticework of mental models. These are chunks of knowledge from different disciplines that can be simplified and applied to better understand the world.

Carson’s prescription for sure misery included: Ingesting chemicals in an effort to alter mood or perception Envy Resentment

I’d create a course that I’d call Remedial Worldly Wisdom that would, among other useful things, include a fair amount of properly taught psychology. And it might last three weeks or a month. I think you could create a course that was so interesting, with pithy examples and powerful examples and powerful principles, that it would be a total circus.

Like my father, Abe Trillin had a fundamental reserve, partially Midwestern in origin, that was at odds with his personable qualities. He did not regard a long drive in a car or a fishing outing as an opportunity to catch up. He did not linger on the telephone. His son eventually came to marvel at “how much my father managed to get across to me wit