#055 - Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

rational vc

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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

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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

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