Mental Models For Investing & Life | The Worldly Wisdom of Charlie Munger (TIP494)

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Clay Finck dives into the worldly wisdom of Charlie Munger. Clay chats about Munger’s background, his mental models for living a good life and investing wisely, Charlie’s thoughts on committing to a life full of learning, the biggest mistakes Charlie and Warren have made over the years, and Charlie’s life advice for others.

▶️ RELATED EPISODES:
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IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:15 - Munger’s Background
00:04:14 - Buffett Meeting Munger
00:06:46 - Continuous Learning
00:08:24 - Munger’s Mental Models
00:10:08 - Don’t Fool Yourself
00:13:12 - Mental Models for Investing
00:15:44 - Re-examining our views
00:18:18 - Economies of Scale
00:20:37 - Living a Simple Life
00:22:10 - Munger’s Partnership
00:22:34 - How Munger Invests
00:27:28 - Munger’s Investment Checklist
00:30:34 - Mistakes
00:32:37 - Incentives
00:40:38 - Life Advice to Young People

🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/e...

📖  BOOKS MENTIONED:
Poor Charlie's Almanack by Peter D. Kaufman: https://amzn.to/3fVRTpd
Richer, Wiser, Happier by William Green: https://amzn.to/3RX9gDp

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