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 ...
Daily Journal Faces an Uncertain Future
Charlie Munger's death raises many questions for Daily Journal that remain unanswered following the company's 10-K and proxy filings ...
The Digest #183
Daily Journal, Apple, Costco, Moody's, Munger's wisdom, Tesla's narratives, Tim Urban on writing, Rivian, AI's morality, AI bubble?, How James Longstreet defied the South after the war ...
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 #181
Antisemitism in America, Charlie Munger's uncommon sense, Les Schwab's business philosophy, Niccolò Machiavelli, internal vs. external goals, Safe withdrawal rates, Protecting your time ...
The Digest #180
Berkshire Hathaway Energy, John Neff and Peter Lynch on investing, Charlie Munger on parenting, Damodaran on key person risk, Microsoft's IPO, Howard Marks and Annie Duke on risk ...
The Digest #179
Guard your time, Tributes to Charlie Munger, Social media traps, The margin of illusion, AI colonoscopies, Advice on tipping, Alcohol and cardiovascular risks, Nicomachean ethics ...
Soldier On
In 1955, Charlie Munger's nine year old son died of leukemia, a disease with a nearly 100% death rate at the time. How did he overcome his grief and endure in life? ...
The Digest #177
This issue of The Digest is dedicated to remembering Charlie Munger who passed away at the age of 99 on November 28, 2023 ...
Charlie Munger (1924 – 2023)
Charlie Munger passed away at the age of 99 on November 28, 2023. His example is one of a life well lived. It is important to consider his legacy, not just in business but in life ...
The Digest #176
Found Money, OpenAI drama, GLP-1 drug studies, Estée Lauder, Heart valve technology, Edwin Land, John Oliver skewers dollar stores, Apple regrets, The Great Books Journal ...
The Digest #173
Berkshire's Q3 earnings, Munger on retailing, SBF's strange philosophy, Rob Henderson on reading, Howard Marks on a full return world, Morgan Housel on writing that sells, Cities on Mars ...
The Digest #172
Pilot's Founders vs. Berkshire, I Bonds, Ted Weschler interview transcript, Expanding circles of competence, Damodaran on Tesla, Thompson on AI, Charlie Munger, Chris Davis ...
Costco’s Director Compensation
Charlie Munger's service on Costco's board makes the retailer's director compensation approach a potential model for Berkshire Hathaway in the future ...
The Digest #166
The media landscape, Dollar General's meltdown, The written word, Damodaran on Instacart, The human condition, Herb Kelleher, Merger arbitrage, and more ...
Warren Buffett on Inflation — Part 3
During periods of high inflation, capital-light businesses have important advantages. See's Candies during the Great Inflation of the 1970s and early 1980s is a perfect case study ...
The Digest #164
Howard Marks on intelligent risks, Li Lu's amazing life story, Damodaran on streaming, Thompson on Charter vs. Disney, Taleb's favorite literary works, Buffett's Japanese investments, and more ...
The Berkshire Hathaway MBA
Studying Warren Buffett, Charlie Munger, and Berkshire Hathaway's history can provide a level of fluency in business and investing rivaling a costly MBA degree ...
A Very Strange Public Offering
The story of the initial offering of Berkshire Hathaway's Class B stock is an excellent example of Warren Buffett's unconventional approach toward his business partners ...
The Digest #157
Munger on windowless dorms, Damodaran on country risk, Disney's brand, Working without working, The comfort crisis, Fairfax, Markel, Vision Pro's breakthrough, iPhone hacks ...