#055 - Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Learn from history's Greatest Minds — and find Timeless ideas you can apply to business and life. Every podcast episode we explore a Timeless book: We strive to become polymaths like our investing and business icons, pulling the Big Ideas from a wide range of disciplines to help us become better investors and operators. For the curious-minded seeking Worldly Wisdom. Join thousands of readers by subscribing @ rationalvc.com to get free access to essays and exclusive content. For the video version of this episode click here. Free digital version of Poor Charlie's Almanack: stripe.press/poor-charlies-almanack Timestamps: (00:00) Intro chit chat (11:26) Foreword (16:20) Introduction by Kaufman (21:00) Munger's childhood and family (31:48) Munger and Buffett meet (34:45) Munger's kids tales (37:59) Munger's discipline (51:34) Mental models (1:01:39) Investing checklist (1:07:30) Eleven Talks intro (1:09:16) Talk One (1:17:12) Social proof (1:24:45) Circle of competence (1:35:00) Talk Two Advice (1:38:55) Talk Three (1:40:50) Ideology (1:42:42) Talk Three Q&A (1:49:00) Talk Four - Coca Cola Case (2:01:45) Talk Nine - Economics (2:05:20) Talk Ten - Perseverance (2:13:21) Talk Eleven Intro (2:16:09) Important: 25 Biases and Tendencies (2:49:06) Outro — Our website (all essays and podcasts): rationalvc.com Our investment fund: rational.fund Our Discord: discord.gg/JZbqu3Cjjn Cyrus' Twitter: twitter.com/CyrusYari Iman's Twitter: twitter.com/iman_olya — Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Timeless #wisdom #knowledge #books #polymaths