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: 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