Puerto Rico
CURIOUS: Trump-Connected Company Hired to Fix Puerto Rico Has Only Worked Two Federal Jobs
Whitefish Energy got a $300 million contract from the administration, despite doing less than $2 million in federal work until now.
https://www.thedailybeast.com/trump-connected-company-hired-to-fix-puerto-rico-has-only-worked-two-federal-jobs?via=newsletterhttps://www.thedailybeast.com/trump-connected-company-hired-to-fix-puerto-rico-has-only-worked-two-federal-jobs?via=newsletter*******************************************************************************************************
When people learn of my decision to reject modern complex technology in favour of older, slower, forgotten ways, their first line of inquiry usually involves healthcare. Considering its importance to our lives, this is hardly surprising. Yet because of its emotive nature – which of us, after all, doesn’t have friends or family needing glasses, hearing aids, stents or prescription drugs? – it seems difficult to have a calm, objective discussion on the subject.
The more concerned and curious inquirers often ask me what I would do if I got seriously ill. While the long answer is complicated and nuanced, honestly, I don’t know. It’s easy to live by your values when times are good, much harder when you’re having a stroke or dying of cancer.hen people learn of my decision to reject modern complex technology in favour of older, slower, forgotten ways, their first line of inquiry usually involves healthcare. Considering its importance to our lives, this is hardly surprising. Yet because of its emotive nature – which of us, after all, doesn’t have friends or family needing glasses, hearing aids, stents or prescription drugs? – it seems difficult to have a calm, objective discussion on the subject.
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Warren Buffet's partner
Charlie Munger Lane Hickenbottom/Reuters
And then at age 31, he met Warren Buffett, who convinced him to go into investing.
Today, Munger is Warren Buffett's right-hand man at Berkshire Hathaway and has an estimated net worth of $1.3 billion.
We've compiled a list of his most insightful quotes about business, investing, and life in general.
So step inside the mind of one of the most brilliant investors alive today.
Click here for Munger's best quotes »
The Thinking of Charlie Munger: Speeches, Quotes, Videos, Transcripts, and Book Recommendations
“Spend
each day trying to be a little wiser than you were when you woke up.
Discharge your duties faithfully and well. Systematically you get ahead,
but not necessarily in fast spurts. Nevertheless, you build discipline
by preparing for fast spurts. Slug it out one inch at a time, day by
day. At the end of the day – if you live long enough – most people get
what they deserve.” — Charlie Munger
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
“Just because you like it does not mean that the world will necessarily give it to you.”
“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”
***
Charlie Munger is one of the great minds of the 20th century. Below is an attempt to capture that wisdom in one shareable place. Speeches
- A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
- Turning $2 Million Into $2 Trillion
- Academic Economics — Strengths and Weaknesses, after Considering Interdisciplinary Needs
- Charlie Munger: The Psychology of Human Misjudgment
Wisdom
- The Munger Operating System: How to Life a Life that Really Works
- The Tension Created by Stretch Goals
- Adding Mental Models to Your Mind’s Toolbox
- Charlie Munger on the Value of Thinking Backward and Forward
- Three Underrated Reasons for Berkshire Hathaway’s Enormous Success
- Working Together: Why Great Partnerships Succeed
- Circle of Competence
- Temperament is more important than IQ
- Inversion and The Power of Avoiding Stupidity
- Charlie Munger on why Energy Independence is a Terribly Stupid Idea
- The Work Required To Have An Opinion
- A Two-step Process for Making Effective Decisions
- Worldly-Wisdom from Charlie Munger
- How Good Gamblers Think
- Charlie Munger on Mental Models
- Charlie Munger: “If I were teaching business school …”
- Bad Morals Drive Out the Good
- The Human Mind has a Shut-Off Device
- Getting The Best Odds
- Become a Learning Machine
- How Raising Prices Can Increase Sales
- Charlie Munger: Why Bureaucracy is not Shareholder Friendly
- The Present Mess
Videos
Articles
Books
- Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
- Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger
Book Recommendations
- 20 Book Recommendations from Billionaire Charlie Munger That will Make you Smarter
- 19 More Book Recommendations from Billionaire Charlie Munger
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
“Just because you like it does not mean that the world will necessarily give it to you.”
“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”
Link: https://www.farnamstreetblog.
Philosophy
see also Logic
To ask the hard question is simple.W. H. Auden 1907–73 English poet: title of poem (1933)
The Socratic manner is not a game at which two can play.
Max Beerbohm 1872–1956 English critic, essayist, and caricaturist: Zuleika Dobson (1911) ch. 15
Metaphysics is the finding of bad reasons for what we believe upon instinct; but to find these reasons is no less an instinct.
F. H. Bradley 1846–1924 English philosopher: Appearance and Reality (1893) preface
There is nothing so absurd but some philosopher has said it.
Cicero (Marcus Tullius Cicero) 106–43 bc Roman orator and statesman: De Divinatione bk. 2, ch. 119
I have tried too in my time to be a philosopher; but, I don't know how, cheerfulness was always breaking in.
Oliver Edwards 1711–91 English lawyer: James Boswell Life of Samuel Johnson (1791) 17 April 1778
When philosophy paints its grey on grey, then has a shape of life grown old. By philosophy's grey on grey it cannot be rejuvenated but only understood. The owl of Minerva spreads its wings only with the falling of the dusk.
G. W. F. Hegel 1770–1831 German idealist philosopher: Philosophy of Right (1821, tr. T. M. Knox, 1952)
I would trade all of my technology for an afternoon with Socrates.
Steve Jobs 1955–2011 American computer executive: in Newsweek 22 October 2001
The philosophers have only interpreted the world in various ways; the point is to change it.
Karl Marx 1818–83 German political philosopher: Theses on Feuerbach (written 1845, published 1888) no. 11
No more things should be presumed to exist than are absolutely necessary.
‘Occam's Razor’, an ancient philosophical principle often attributed to Occam but earlier in origin
William of Occam c.1285–1349 English Franciscan friar and philosopher: not found in this form in his writings, although he frequently used similar expressions, e.g. ‘Plurality should not be assumed unnecessarily’; Quodlibeta (c.1324)
Apart from the known and the unknown, what else is there?
Harold Pinter 1930–2008 English dramatist: The Homecoming (1965) act 2, sc. 1
The point of philosophy is to start with something so simple as not to seem worth stating, and to end with something so paradoxical that no one will believe it.
Bertrand Russell 1872–1970 British philosopher and mathematician: The Philosophy of Logical Atomism (1918)
The man who has no tincture of philosophy goes through life imprisoned in the prejudices derived from common sense, from the habitual beliefs of his age or his nation, and from convictions which have grown up in his mind without the cooperation or consent of his deliberate reason.
Bertrand Russell 1872–1970 British philosopher and mathematician: The Problems of Philosophy (1912) ch. 15
The unexamined life is not worth living.
Socrates 469–399 bc Greek philosopher: Plato Apology 38a
Superstition sets the whole world in flames; philosophy quenches them.
Voltaire 1694–1778 French writer and philosopher: Dictionnaire philosophique (1764) ‘Superstition’
The safest general characterization of the European philosophical tradition is that it consists of a series of footnotes to Plato.
Alfred North Whitehead 1861–1947 English philosopher and mathematician: Process and Reality (1929) pt. 2, ch. 1
What is your aim in philosophy?—To show the fly the way out of the fly-bottle.
Ludwig Wittgenstein 1889–1951 Austrian-born philosopher: Philosophical Investigations (1953) pt. 1, sect. 309
A philosopher who is not taking part in discussions is like a boxer who never goes into the ring.
Ludwig Wittgenstein 1889–1951 Austrian-born philosopher: said in about 1930, M. O'C. Drury ‘Conversations with Wittgenstein’ in Rush Rhees (ed.) Ludwig Wittgenstein: Personal Recollections (1981)
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