How Do You Build a $2 Trillion-Dollar Company?
“Writing is thinking. To write well is to think clearly. That’s why it’s so hard.” – David McCullough Inspired by the book summaries written by hedge fund manager, Li Lu, this blog will also be an account of any useful information drawn from any books or texts. I believe that the benefits of writing information in your own words will help assimilate and consolidate knowledge that would otherwise be forgotten. In this blog post, I will recap a chapter from Charlie Munger’s book Poor Charlies Almanack (2005) with some additional inserted notations. The section that I have recapped below is a real gem that Munger has so kindly shared. In the book Poor Charlies Almanack , Munger included a transcript of an informal talk he made called Practical Thought About Practical Thought? (1996). In this talk, Munger delivered a series of ultrasimple general notions that have helped him solve problems throughout his life. Munger believes that there are five helpful notions. The firs...