Charlie Munger, Vice President of Berkshire Hathaway and Warren Buffett’s business partner, shares the lessons learned over his nearly 100 years of life. His advice includes how to solve problems, what everybody gets wrong about human psychology, and the problem with US education and social sciences.
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Charlie Munger’s Advice on Stealing Ideas, Self-Education and Social Sciences
Charlie Munger, Vice President of Berkshire Hathaway and Warren Buffett’s business partner, shares the lessons he has learned over his nearly 100 years of life. His advice includes how to solve problems, what everybody gets wrong about human psychology, and the problem with US education and social sciences. This interview took place in 2008.
0:00 – How to solve problems by twisting them around and working backward
1:44 – Why you should steal ideas and ignore the boundaries of academic disciplines
3:17 – How big ideas interplay together and how to integrate ideas from different disciplines
4:27 – Why Occam’s Razor is a powerful principle and how it helped Einstein
6:41 – What is the cause of a Lollapalooza effect, and what people get wrong about social psychology
8:13 – The problem with education and why social sciences in the United States are poorly taught
11:13 – Why other people’s incapacity to think outside of their discipline creates opportunity in the market for smart investors
#CharlieMunger #WarrenBuffet #Investing
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