Anchor to the future
Making a case for why we need to anchor to the future and not to the past.
Category: Charlie Munger
Zigging and zagging
It has two main themes. The first theme is that lucky people follow a zig zag path in life. The second theme is that heavy ideologies must be avoided because they box you in and don’t allow you to zig zag. And therefore, in a world of ideas, we must be nomads, not settlers.
How foolish are you willing to look
Warren Buffett said that he and Charlie are willing to look foolish provided they have not acted foolishly. In this blog, I am saying this is a superpower because it allows you to not fall for social proof and making independent decisions.
Best of times, worst of mistakes
This blog is about money. And how over centuries we seem to be making similar mistakes with it.
Ajit Agarkar channels his inner economist
In this blog, I present the recent team selection through 3 different ideas.
Redistribution
This blog is about redistribution of assets, capacities and other resources across locations and time horizons. Redistribution allows you to have staying power during bad times and inability to redistribute causes fragility.
The greatest wonder
People don’t think of survival as much as they should. This blog provides examples to prove that.
Economics for the irrational man
Classical Economics assumes humans make decisions rationally. But in reality we are all messed up. Behavioral Economics explains our biases and why/how we make irrational decisions all the time.
How to remain unlucky
Charlie Munger’s favorite idea was inversion. In fact, he even gave a speech titled: Prescriptions for a miserable life. In the same vein of inversion, I have tried to prescribe how one can remain unlucky.
Importance of destroying ideas
Periodically we need to purge our minds of old cherished but outdated or incorrect ideas. That will make our minds fresh and nimble and we begin to take notions less seriously.
Interest upon Interest 