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

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

Imagine we get a “brand-spanking-new puppy from the pet shop,” Peter D. Kaufman suggests.  

What is our goal bringing this puppy into our home?

“It’s to have an engaged, contributing, all-in new member of our household,” states Peter, CEO of Glenair, Inc. and editor of Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.  Charlie is the Vice Chairman of Berkshire Hathaway and has been called “one of the … continue reading

Peter D. Kaufman doesn’t shy away from the big questions.

Yesterday we examined his question: Is there a simple two-word description that accurately describes how everything in the world works?

Today, we will consider a second question: What’s the most powerful force that we as human beings, both as individuals and groups, can potentially harness towards achieving our ends in life?

Peter’s answer?

“The most powerful force in the universe is compound … continue reading