[Outliers] Charlie Munger’s Interview with Todd Combs

As with any Munger talk, the subjects are both deep and wide. You’ll learn how Munger recognized people worth betting on, chose problems worth solving, and turned a long attention span into an unfair advantage.

Available Now: YouTube | Spotify | Apple Podcasts | (Transcript: Below)

+ [Outliers] John D. Rockefeller: The Principles Behind The Greatest Fortune in History

Charlie Munger:  If you have a genius and you give them the power — you know, it’s like that guy that wins all those swim tournaments, a big, tall guy. He had size 16 feet, and they were webbed. So no wonder he wins all the damn swim tournaments of the world. So Henry, he was in this mental stuff. He was like a guy who wears size 16 shoes and webbed feet competing with a bunch of ordinary people. That really was so cool. So he was fun to watch, because he was so cool and rational. And so imagine, you can understand how Berkshire, with Warren coming from investment management, would manage its own patient plans. But the world that Henry was in, it was not at all common for the guy who was the C.E.O. to say, “Get out of the way.” Because he did it way better than them. However, because they had so many rules and conventions.…

Source: Farnam Street — Read the full article on the original site ↗