Conversation

Heh, saw chatter about Berkshire Hathaway meeting and thought, “dammit, Burning Man time for lifehackers... otherwise nice people are going to be insufferably mungery for weeks now” Then I saw NYT describe it as “Woodstock for capitalists”. Same metaphor, different generation.
1
35
Munger, more than Buffet, exerts a massive gravitational force on the lifehacker mind. I have no idea why. And no idea why I seem immune. Read bits of Poor Charlie’s Almanack and it left me cold. Clearly a nice, very smart guy who knows his game well. But no teacher-draw for me.
Replying to
Whoa Munger has a net worth of only 1.7B compared to Buffett’s ~90B. I thought they were more in the same league than that 🤔
2
8
Replying to
At least amongst casual investors, Buffett is seen as "everyone knows about him" so it's not high status. Munger is the sophisticated person's choice of rule model
Replying to
For me, his key insight: [...] Just think of it as a heavy odds against game full of craziness with an occasional mispriced something or other. And you're probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up.
1