The Thirty Second Mind
Charlie Munger was known to have a "thirty second mind" due to his vast multi-disciplinary background. It is increasingly difficult to cultivate such a mind with modern distractions ...
A Seamless Web of Deserved Trust
Warren Buffett and Charlie Munger's business relationship was founded on a seamless web of deserved trust. Trust is earned over many years. Seamless trust requires decades ...
The Digest #182
Passive Investing, Low Trust Societies, Greg Abel in the spotlight, Capital allocation at Berkshire, Better habits for 2024, Amusing CPA stories, Ben Graham, Charlie Munger, Pernod Ricard ...
The Digest #105
Churchill on War, Stanislav Petrov, Economic Warfare, The Paradox of Trust, Market Meltdowns ...
Trading Ban Proposals
Trading bans for members of Congress and other government officials risk sending the wrong message about the capitalist system. Sunlight is a far better disinfectant ...
The Digest #61
Munger's Letter, BYD, Trust and Mistrust, The Value of Failure ...
Margin of Trust: The Berkshire Business Model
"Buffett trusts me so much with Berkshire's money that I am even more careful in handling Berkshire capital than in handling my own." -- Bruce Whitman, former CEO of FlightSafety International Trust takes a long period of time to fully ...
The Paradox of Trust
Without a baseline level of trust, society will cease to function effectively. How can we decide how trusting to be without exposing ourselves to excessive risk? ...