1: Billionaire Charlie Munger was once asked: What should a young person look for in a career?
“I have three basic rules—meeting all three is nearly impossible, but you should try anyway,” he writes in Poor Charlie’s Almanack: The Wit and Wisdom of Charlie Munger.
Rule #1: Don’t sell anything you wouldn’t buy yourself.
Rule #2: Don’t work for anyone you don’t respect and admire.
Rule #3:… continue reading
1: Billionaire Charlie Munger, the longtime vice chairman and “right-hand man” to Warren Buffett at Berkshire Hathaway, was well known for his fiercely independent thinking.
He took pleasure in rejecting the “wisdom of the herd” and going his own way. Regardless of what others thought or what they might be doing.
Yet, equally important, although perhaps not as well known, was Charlie’s willingness to change his mind when … continue reading
1: The good news?
“Every person is going to have a circle of competence,” Charlie Munger writes in Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.
The bad news? “It’s going to be very hard to enlarge that circle,” Charlie observes.
Until his passing in 2023 at the age of 99, Charlie served as Vice Chairman of Berkshire Hathaway, founded by Warren Buffett. Berkshire is … continue reading
1: Warren Buffett is one of the most successful investors in history. His company, Berkshire Hathaway, is valued at more than $1 trillion.
His business partner and Vice Chairman Charlie Munger describes what Warren tells business school students about his approach to investing: “I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches, representing all … continue reading
1: There are currently eight companies worth over $1 trillion.
Six are technology companies. The seventh is Amazon, the world’s largest retailer, which some consider a technology company.
The eighth trillion-dollar company is Berkshire Hathaway.
“One of these things is not like the other,” goes the saying.
Berkshire Hathaway was led for many years by Chairman Warren Buffett and Vice Chairman Charlie Munger until he died in 2023 at … continue reading
1: “I had a friend who carried a thick stack of linen-based cards,” Charlie Munger writes in Poor Charlie’s Almanack. Before his death at 99 in 2023, Charlie was Vice Chairman of Berkshire Hathaway and Warren Buffett‘s business partner.
“When somebody would make a comment that reflected self-pity, he would slowly and portentously pull out his huge stack of cards, take the top one, and hand it to … continue reading
1: “Some Scandinavian canoeists succeeded in getting through all the rapids of Scandinavia.”
Charlie Munger, the longtime business partner of Warren Buffett and Vice Chairman of Berkshire Hathaway, was delivering a commencement address to the 2007 USC School of Law graduates.
“They thought they would continue their success by tackling the big whirlpools in northwest America,” he continued.
Things didn’t work out so well. “The death rate was … continue reading
1: Warren Buffett is one of the most successful business people in history. Berkshire Hathaway, the firm where he serves as Chairman, is valued at over $1 Trillion. Warren’s personal net worth is more than $150 Billion.
So how does this business titan spend his time?
We might be surprised, says Charlie Munger, his long-time business partner and former Vice Chairman of Berkshire Hathaway.
“If you watched him … continue reading
1: Getting better at getting better is what RiseWithDrew is all about.
Monday through Thursday, we explore ideas from authors, thought leaders, and exemplary organizations.
On Fridays, to begin 2025, I will be sharing some of the wit and wisdom of the late, great Charlie Munger, Warren Buffett‘s business partner and the former Vice Chairman of Berkshire Hathaway.
Charlie developed a set of mental models that he … continue reading
1: Monday through Thursday, we explore ideas from authors, thought leaders, and exemplary organizations. On Friday, I share something about myself or what we are working on at PCI.
Searching for a bit of wisdom as we push to end 2024 on a solid note and start 2025 with a bang? Read on!
Imagine we adopt a new puppy from the pet shop, suggests Peter D. Kaufman, CEO … continue reading
