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: 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

Charlie Munger has been called “one of the great minds of the 20th century.”He is Warren Buffet’s partner and co-chairman of Berkshire Hathaway.  

Charlie describes himself as a “multidisciplinary thinker.”  The Farnam Street blog notes that Charlie draws “heavily from the study of psychology, economics, physics, biology, and history, among other disciplines, in developing his system of ‘multiple mental models’ to cut through difficult problems in complex social systems. It … continue reading

“The basic axiom of clinical psychology reads, ‘If you could see the world the way I see it, you’d understand why I behave the way I do,’” says Peter Kaufman, the editor of Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.

This week we are looking at some of Peter’s wisdom.

“Now there’s two corollaries to that axiom,” he continues.  “They’re logical extensions. They’re undeniable.” 

Corollary … continue reading

“The three hallmarks of a great investment are superior returns, low risk, and long duration,” Peter Kaufman observes.

“The whole world concentrates on category one. But if you’re a leader of any merit at all, you should be treating these three as what?” asks Peter. 

Co-priorities.

“How do you get low risk and long duration?” 

Win-win. 

“This is the biggest blind spot in business. People are actually proud of a … continue reading

There a simple, two-word description that describes how everything in the world works, Peter Kaufman tells us.

Mirrored reciprocity.

“Your entire life… Every interaction you have with another human being is merely mirrored reciprocation,” Peter observes.

“You’re going to get back whatever you put out there,” Peter comments.

We get what we give.  

Yesterday, we looked at Peter’s 98-2 principle, which he calls “the elevator model.”  Upon entering an elevator … continue reading

“I know what everybody in the world is looking for,” says Peter D. Kaufman.

The answer to this question is also a “22-second course in leadership,” suggests Peter, who is the editor of Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.

Peter doesn’t shy away from big statements.  So far this week, we’ve looked at his answers to two big questions:

Is there a simple two-word description that … continue reading