Winning ecosystems
This is a blog about my friend’s handicraft business.
Category: Charlie Munger
Force Multipliers
Levers are an example of a force multipliers.
Game theory
Game theory allows us to understand how people act in situations where they are interconnected.
Monkey business
Assets produce cash. Liabilities consume cash. This simple way can be used to avoid bad investment decisions.
Show me the incentives and I will show you the outcome
We human beings we are self centered. Our own interests come first; this is just how we are. We respond to incentives especially if they appeal to our self interest. And if the incentives don’t appeal, there would be unintended consequences. That is why Charlie Munger said: Show me the incentives and I will show […]
What happens when you snatch a bone from a dog’s mouth?
We humans are loss averse. Therefore when presented with a prospect of loss, we tend to super react to avoid the loss. A few examples from our daily life.
Benjamin Graham, Charlie Munger and the Superstore
A superstore analogy of how Charlie Munger and Ben Graham approach investing.
Interest upon Interest 