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Founders: #329 Charlie Munger (the NEW Poor Charlie's Almanack)

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What I learned from reading the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. ---- Listen to this incredible conversation between Charlie Munger and John Collison on Invest Like The Best. ---- Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes ---- (2:00) The practical wisdom of Poor Charlie's Almanack, this ode to curiosity, generosity, and virtue will similarly compound at successive generations of entrepreneurial readers extend his lessons to their own circumstances. (12:00) Education is the process whereby the ability to lead a good life is acquired. — Socrates: A Man for Our Times by Paul Johnson. (Founders #252) (22:00) Trust is one of the greatest economic forces on earth. (29:00) Charlie is content to trust his own judgment when it runs counter to the wisdom of the herd. (31:00) Animated: Charlie Munger: The Psychology of Human Misjudgement (31:30) Aim for durability. Durability has always been a first rate virtue in Charlie’s eyes. (32:00) Charlie only focuses on great businesses and great businesses have moats. (33:00) Johnny Carson by Henry Bushkin. (Founders #183) (42:00) You can flourish i

[00:00:00] There is a very, very special conversation with Charlie Munger that has been released for the very first time today. It is a conversation that Charlie had with John Collison, the co-founder of Stripe. It is available on the Invest Like the Best podcast feed. You can listen to the entire conversation for free. I've already listened to it for four times. I've read the entire transcript. I thought it was incredible. I will leave a link to the episode down below, but you can just search for Invest Like the Best on whatever podcast player [00:00:28] you're listening to this now and…

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