Quote of the day by Charlie Munger: ‘In my whole life, I have known no wise people who didn’t read…’

Charlie Munger, the late vice-chairman of Berkshire Hathaway and the “architect” of Warren Buffett’s investment philosophy, was a staunch advocate for the Latticework of Mental Models — a framework for thinking that combines multiple cross-disciplinary models to improve decision-making, problem-solving, and understanding of complex systems. Advocating for the virtue of reading, Munger said, “In my…

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Quote of the day: Billionaire Charlie Munger’s advice on getting rich — ‘It takes character to sit with that cash…’

Late billionaire Charlie Munger, the partner in capital of Warren Buffett, the former CEO of Berkshire Hathaway, had a very simple rule for getting rich: don’t confuse activity with progress. “It takes character to sit with all that cash and to do nothing. I didn’t get to where I am by going after mediocre opportunities,”…

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