Search Results for: munger

Charlie Munger on the Value of Thinking Backward and Forward

July 03, 2014

One of the five simple notions to solve problems is the concept of inversion. To solve problems we need to look at them both forward and backward. But how does this look in practice? Let me give you an example that Charlie Munger gave during a speech. Munger liked to give his family little puzzles. […]

Charlie Munger: 20 Book Recommendations That will Make you Smarter

June 02, 2014

“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time—none. Zero. You’d be amazed at how much Warren reads—and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.” – Charlie Munger […]

Charlie Munger: Energy Independence is a Terribly Stupid Idea

July 24, 2013

Everyone wants energy independence. Everyone—from politicians and business people to academics—says that our reliance on foreign energy is bad. But have we really thought about this? Does it make sense? I’ve never really shared the opinion that energy independence today is a good idea (when it comes to oil, coal, and other non-renewables). Neither has […]

Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire

April 26, 2013

Charlie Munger is one of the great minds of the 20th century. Below is an attempt to capture that wisdom in one shareable place. Charles “Charlie” Munger, a longtime resident of Pasadena, California, is perhaps best known as the Vice Chairman of the world’s greatest compound interest machine: Berkshire Hathaway, Inc. In the time of his […]

The Munger Two Step

April 24, 2013

A simple and easy approach to decision making that prevents us from being manipulated. Understand the forces at play. Understand how your subconscious might be leading you astray. *** While most of us make decisions daily, few of us have a useful framework for thinking that protects us when making decisions. We’re going to explore Munger’s two-step […]

Worldly-Wisdom from Charlie Munger

February 27, 2013

I’m a huge fan of Charlie Munger — Warren Buffett’s right-hand man at Berkshire Hathaway. For those of you unfamiliar with him, listening to his famous talk, The Psychology of Human Misjudgment will have you instantly hooked. If that doesn’t get you going, check out his two-step process for making effective decisions. Recently Munger took […]