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Why Did Charlie Munger See Wisdom as a Duty? · The Knowledge Project with Shane Parrish

The Knowledge Project with Shane Parrish

Charlie Munger's Interview with Todd Combs

I'm excited to share this previously unreleased 2022 conversation between Charlie Munger and Todd Combs. As with any Munger talk, the subjects are both deep and wide. I've pulled out the ideas that most resonated with me. You'll learn how Munger recognized people worth betting on, chose problems worth solving, and turned a long attention span into an…

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Notes

  1. Why Does the Wooden System Work Like Gangbusters? at 3:45

    Concentrating almost 100% of the playing time on his top seven players allowed them to get better and better during all the extra playing time. Full answer

  2. How Did Buffett's Punch Card Lead to Better Picks? at 10:18

    Investors should find the exceptional few businesses and then concentrate behind them. Buffett's 20-card punch idea illustrates the point well. Full answer

  3. Why Did Charlie Munger See Wisdom as a Duty? at 13:04

    Charlie Munger almost worships reason. Charlie Munger said you can argue that Henry Singleton did too, and certainly Warren Buffett does too. Full answer

  4. How Does Positioning Help Berkshire Hathaway Outperform Others? at 14:06

    Positioning happens earlier than decisions and determines which options will be available when the decision arrives. Full answer

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