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: The minister said, “It’s now time to say something nice about the deceased,” Charlie Munger told the 2007 USC School of Law graduates.
“And nobody came forward, and nobody came forward, and nobody came forward,” he recounts in Poor Charlie’s Almanack.
“And finally, one man came up and said, ‘Well, his brother was worse.'”
That’s one way to live our lives.
“Occasionally, you will find a perfect … continue reading
1: Salomon Brothers CEO John Gutfreund was about to get fired.
The year was 1991. A major scandal had rocked the prestigious Wall Street investment bank.
And, it was all so unnecessary, Charlie Munger writes in Poor Charlie’s Almanack.
Charlie should know. He had a front-row seat to all the action as Vice Chairman of Berkshire Hathaway, then Salomon’s largest shareholder.
2: The scandal happened when Salomon’s traders submitted … continue reading
1: What happens when you make it easy for people to cheat?
Charlie Munger had a friend who owned a manufacturing business in Texas.
“He was in a low-margin, tough business,” Charlie writes in Poor Charlie’s Almanack. Charlie, who died in 2023, was Warren Buffett‘s business partner and the former Vice Chairman of Berkshire Hathaway, the first non-technology firm in the U.S. to reach a market capitalization … 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: 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 used … 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 share some of the wit and wisdom of the late, great Charlie Munger, Warren Buffett‘s business partner and former Vice Chairman of Berkshire Hathaway, who passed away in 2023 at the age of 99.
Charlie developed … 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 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 strong note and start 2025 with a bang.
“You’re standing in front of an elevator. The … continue reading
