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Back to Charlie Munger's Interview with Todd Combs, with Todd Combs & Charlie Munger.

How Does Positioning Help Berkshire Hathaway Outperform Others?

Positioning happens earlier than decisions and determines which options will be available when the decision arrives. Berkshire Hathaway never found itself forced by circumstances into a series of bad decisions. Buffett and Munger wanted to remain in control no matter what happened in the world. People do not need to be smarter than others to outperform them if they can outposition them.

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Charlie Munger's Interview with Todd Combs ·

The Knowledge Project with Shane Parrish

More from this episode

  1. Why Does the Wooden System Work Like Gangbusters?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.
  2. How Did Buffett's Punch Card Lead to Better Picks?Investors should find the exceptional few businesses and then concentrate behind them. Buffett's 20-card punch idea illustrates the point well.
  3. Why Did Charlie Munger See Wisdom as a Duty?Charlie Munger almost worships reason. Charlie Munger said you can argue that Henry Singleton did too, and certainly Warren Buffett does too.

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