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

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. John Wooden had the best basketball coaching record in the world and nobody else was even close. Applying the Wooden system by giving power to a Wooden or Buffett works like gangbusters. Investors can find a mini Wooden or a mini Singleton or a mini Buffett and benefit when they have a hell of a run.

Transcript

Charlie Munger's Interview with Todd Combs ·

The Knowledge Project with Shane Parrish

More from this episode

  1. 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.
  2. 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.
  3. How Does Positioning Help Berkshire Hathaway Outperform Others?Positioning happens earlier than decisions and determines which options will be available when the decision arrives.

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