CategoryCharlie Munger

Leadership & Solitude: Scheduling Time to Think

By Sean P. Murray
June 22, 2018
6 Min read
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On August 11, 1984, the USA Men’s Olympic Volleyball Team faced off against Brazil for a gold medal at the Los Angeles Olympics. The coach of the U.S. Team, Doug Beal, arrived at the arena hours before the match. Joining him was his assistant coach and best friend, Bill Neville. The players would arrive later, closer to game time. They walked into a mostly empty arena. In a few hours it would be a madhouse, but at the moment it was quiet. The two men sat in the empty stands. They reflected on...

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10 Lessons from Benjamin Franklin on Wisdom

By Sean P. Murray
June 6, 2018
11 Min read
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The investor Mohnish Pabrai was having lunch with Warren Buffett, and he asked him, “if you could have lunch with anyone, living or dead, who would it be?” Buffett replied with a smile, “I’d love to have lunch with Sophia Loren.” But then he got serious and he said, “scratch that answer. I’d really like to have lunch with Isaac Newton.” Mohnish probed Buffett further and asked him “why Isaac Newton?” Buffett replied, “Isaac newton is probably the smartest guy who ever walked this earth. It...

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10 Lessons from the Berkshire Hathaway Annual Meeting

By Sean P. Murray
May 8, 2018
8 Min read
1

 1. “All you had to do was figure that America was going to do well overtime.” – Buffett Buffett kicked off the meeting by providing the audience with “a perspective on how you might think about investing.” The entire audience leaned in. Isn’t this why we all traveled to Omaha? On March 11, 1942, young Warren Buffett made his first stock purchase. He was eleven years old. Warren held up a copy of the front page of the New York Times that day.  It was filled with bad news...

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The 8 Best CEOs from the Past 50 Years

By Sean P. Murray
January 22, 2018
5 Min read
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In the 2012 Berkshire Hathaway Letter to Shareholders, Warren Buffett recommended the book The Outsiders, by William Thorndike, calling it “an outstanding book about CEOs who excelled at capital allocation.” It tells the story of eight unconventional CEOs who managed to outperform the S&P 500 by over twenty times. How did they do it? It wasn’t through charismatic leadership – they were not cheerleaders or marketers. In fact, they rarely landed on the front page of a...

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Charlie Munger on Bitcoin and Second-Order Thinking

By Sean P. Murray
January 8, 2018
4 Min read
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Charlie Munger turned 94 this year. He grew up in Omaha, Nebraska during the Great Depression. Through hard work, continuous learning, persistence, and generally avoiding stupidity, Munger has become one of the wealthiest individuals on the planet. Warren Buffett looks to Munger for advice. He’s literally seen it all. So I find it fascinating that people are clamoring for his opinion on Bitcoin. In a recent interview he offered this response: I think it’s perfectly asinine to even pause...

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