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Trailer - "The Tao of Charlie Munger: Wisdom on Life, Business, and the Pursuit of Wealth" by David Clark | Episode #180

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Content provided by Outlier Academy and Daniel Scrivner | Outlier Academy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Outlier Academy and Daniel Scrivner | Outlier Academy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this conversation, Daniel Scrivner shares his favorite quotes and wisdom from Charlie Munger, the vice chairman of Berkshire Hathaway. The conversation covers various topics, including the power of incentives, the importance of learning from Munger, value investing and Benjamin Graham, eliminating mistakes, long-term investing, keeping cash, the fallibility of financial companies, recognizing reality, waiting and patience, maximizing variables in business, good businesses vs bad businesses, the success of Federal Express, the value of learning and admitting mistakes, avoiding extreme ideologies and trusting experts, the importance of context and individual solutions, the danger of over-specialization, deserved trust and utilizing missed chances, and seeing reality clearly and stating arguments.

Explore the episode notes.

Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/180.

Jump to any section of this episode.

(00:00) The Power of Incentives

(01:20) Learning from Charlie Munger

(02:14) Wisdom and Quotes from Charlie Munger

(03:08) Value Investing and Benjamin Graham

(04:29) The Importance of Eliminating Mistakes

(05:24) Long-Term Investing and Holding Period

(06:19) The Strategy of Keeping Cash

(07:18) The Fallibility of Financial Companies

(08:15) Recognizing Reality and Being Rational

(09:09) The Importance of Waiting and Patience

(10:22) Maximizing Variables in Business

(11:17) Good Businesses vs Bad Businesses

(12:10) Incentives and the Success of Federal Express

(13:09) The Value of Learning and Admitting Mistakes

(14:07) Avoiding Extreme Ideologies and Trusting Experts

(15:11) The Importance of Context and Individual Solutions

(16:31) The Danger of Over-Specialization

(17:28) Deserved Trust and Utilizing Missed Chances

(18:03) Seeing Reality Clearly and Stating Arguments

(19:02) Conclusion and Further Exploration

Watch and listen.

Watch this episode on YouTube

Find this episode in your favorite podcast app

Get new episodes delivered via email

Explore my full summary for the book featured this week.

The Tao of Charlie Munger: Wisdom on Life, Business, and the Pursuit of Wealth

For more, explore my full profile on Warren Buffett.

Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire

Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required.

Advertise with Outliers and reach our global community

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

420 episodes

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Manage episode 394432109 series 2781663
Content provided by Outlier Academy and Daniel Scrivner | Outlier Academy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Outlier Academy and Daniel Scrivner | Outlier Academy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this conversation, Daniel Scrivner shares his favorite quotes and wisdom from Charlie Munger, the vice chairman of Berkshire Hathaway. The conversation covers various topics, including the power of incentives, the importance of learning from Munger, value investing and Benjamin Graham, eliminating mistakes, long-term investing, keeping cash, the fallibility of financial companies, recognizing reality, waiting and patience, maximizing variables in business, good businesses vs bad businesses, the success of Federal Express, the value of learning and admitting mistakes, avoiding extreme ideologies and trusting experts, the importance of context and individual solutions, the danger of over-specialization, deserved trust and utilizing missed chances, and seeing reality clearly and stating arguments.

Explore the episode notes.

Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/180.

Jump to any section of this episode.

(00:00) The Power of Incentives

(01:20) Learning from Charlie Munger

(02:14) Wisdom and Quotes from Charlie Munger

(03:08) Value Investing and Benjamin Graham

(04:29) The Importance of Eliminating Mistakes

(05:24) Long-Term Investing and Holding Period

(06:19) The Strategy of Keeping Cash

(07:18) The Fallibility of Financial Companies

(08:15) Recognizing Reality and Being Rational

(09:09) The Importance of Waiting and Patience

(10:22) Maximizing Variables in Business

(11:17) Good Businesses vs Bad Businesses

(12:10) Incentives and the Success of Federal Express

(13:09) The Value of Learning and Admitting Mistakes

(14:07) Avoiding Extreme Ideologies and Trusting Experts

(15:11) The Importance of Context and Individual Solutions

(16:31) The Danger of Over-Specialization

(17:28) Deserved Trust and Utilizing Missed Chances

(18:03) Seeing Reality Clearly and Stating Arguments

(19:02) Conclusion and Further Exploration

Watch and listen.

Watch this episode on YouTube

Find this episode in your favorite podcast app

Get new episodes delivered via email

Explore my full summary for the book featured this week.

The Tao of Charlie Munger: Wisdom on Life, Business, and the Pursuit of Wealth

For more, explore my full profile on Warren Buffett.

Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire

Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required.

Advertise with Outliers and reach our global community

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

420 episodes

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