Charlie Munger addressed shareholders and answered questions at the Daily Journal Corporation’s annual meeting in Los Angeles in February 2020. I went into the transcript and pulled out 5 lessons on wealth creation from Charlie Munger’s annual address.
Read MoreIt was a surreal experience attending Charlie Munger’s talk at the Daily Journal Corp’s annual shareholder meeting in Los Angeles. Here’s my summary of his address in bullet-point form. Enjoy!
Read MoreYou are incentivized to believe to be true the things that you want to be true. If the significance of this idea does not immediately capture you, be patient. Sit with it. Lay with it. Fight with it. And then accept it, because fewer ideas are more important to your everyday life.
Read MoreInvesting is hard, but that doesn’t mean we can’t simplify the ideas behind an investment philosophy and come to understand it. As Naval Ravikant (@naval on Twitter) reminds us: “It’s the mark of a charlatan to try and explain simple things in complex ways and it’s the mark of a genius to explain […]
Read MoreThe human brain has evolved over 7-million years to survive in a very dangerous world. Mental programming like the “flight or fight” instinct helped us to live and reproduce in desolate environments with scarce resources. Today, much of the earth’s population experiences a very different world to that of our ancestors, and yet our brains’ mental biases […]
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