How did Munger become the sage that he was? Being a voracious reader played a significant role. Munger viewed reading as necessary for developing wisdom: “In...
Given Berkshire Hathaway’s great success, you’d think that Munger and Buffett had an uncanny ability to predict the future. The opposite is true: A pillar of...
Munger cautioned against having an opinion unless you are fully educated on all sides of the issue, which is a specific application of the concept of...
“Invert, always invert.” – Carl Jacobi, 19th century mathematician A compelling mental model Munger espoused is inversion, based on Jacobi’s belief that a powerful way to...
“When I elongate the relationship that I have had personally with Dennis and Patrick, and when I think about the relationship that these two gentlemen have...
For Hylton, the payday was the fulfillment of a promise Lee Chin made to him in 2001 when he was headhunted to run the institution. “But...
“I recall being told by many people that it is a bad idea to leave Citibank to join NCB. And in spite of what I was...
