“If something is too hard, we move on to something else. What could be simpler than that?” —Charlie Munger
Lessons Learned from Charlie Munger - by Chris Davis (video) [H/T Linc] (LINK) [“Seneca said, Great is the man that can make you better not just when he is with you, but when he is in your thoughts. And I think that as we look to a world that’s poorer for the absence of Charlie, I think we’re blessed with the fact that his wisdom is timeless and I’ve never yet met a person whose life wouldn’t go better from reading, studying, and imitating the practical, worldly wisdom of Charlie Munger.”]
Berkshire 2024: My takeaways - by Steve Clapham (LINK)
Blackstone’s big gamble - by Bethany McLean (LINK)
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Ben Graham, Columbia Man, Risked Everything and Lost (#15) (LINK)
Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86 (LINK)
Related book review (from 2019): The Man Who Solved The Market
Related link (2019): Learning from Jim Simons
A Letter a Day: Letter #182: Jim Simons (2022) (LINK)
Money Stuff Podcast: Fun Shiny Object: FTX, Public, ETFs (LINK)
The Rest Is History Podcast: Custer vs. Crazy Horse: Rise of Sitting Bull (Part 4) (LINK)
Short History Of... Podcast: The Great Wall of China (LINK)
“Spend less than you earn. Invest shrewdly. Avoid toxic people and toxic activities. Try to keep learning all your life. And do a lot of deferred gratification. If you do all those things, you are almost certain to succeed. And if you don’t, you’ll need a lot of luck. And you don’t want to need a lot of luck. You want to go into a game where you’re very likely to win without having any unusual luck.” —Charlie Munger