| Thanks Derek. Here's more information about Charlie Munger: He lost his three year old son to cancer. He has a glass eye due to a botched surgery. He didn't start accumulating wealth until his late thirties. He owns a huge catamaran boat: http://sbsail.com/wp-content/uploads/2015/11/011-IMG_0019.jp... Also, Charlie frequently mentions inversion as one of the most powerful mental models. Another powerful model says the models themselves can combine to have a multiplicative, "lollapalooza" effects. In that, he stresses being multidisciplinary. To the man with a hammer, everything's a nail. Combining ideas from philosophy, psychology, economics, finance, and even chaos theory--rationality is Charlie's highest virtue. Here's a list of books Charlie recommends you read to gain insight into the Munger System. http://www.mymentalmodels.info/charlie-munger-reading-list/ Poor Charlie's Almanac is fantastic. There's a story about Coca-Cola being a 2 trillion dollar company one day that will raise your eyebrows and give you insight into how they think about investments. If you're like me and you can't get enough, kill a few hours with these: https://www.youtube.com/watch?v=4ibabROYccs https://www.youtube.com/watch?v=rEBX5z56WPs https://www.youtube.com/watch?v=K6RS_PqudxU |
