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Founders: #79 Charlie Munger (The Complete Investor)

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What I learned from reading Charlie Munger: The Complete Investor by Tren Griffin ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

[00:00:00] What is most interesting about Munger is not his success as an investor, but the way he thinks and keeps his emotions under control. Munger's ability to cut to the heart of an issue with a few well-chosen words is legendary, as is his desire to think independently. A fundamentally important truth is that people rarely make decisions independently. This means that people who can think independently, gain control of their emotions, and avoid psychological errors have an advantage. Warren Buffett once illustrated Munger's desire to do his own thinking with this story. In 1985, a…

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