Poor Charlie's Almanack

Like I'm dragging you from time to time.

Actually, Charlie had this amazing book called Poor Charlie's Almanac.

It's really good.

Highly recommended.

I run into a few talks by a guy named Peter Kaufman, who's out in LA.

He did Poor Charlie's Almanac, a good friend of mine.

He went to AI and said, write a report, a bull case on Costco written from Charlie Munger's point of view.

And out comes this thick report.

So just missed 100.

But one of the smartest guys, if you ever get a chance to watch his stuff on YouTube or read his book, Charlie's Almanac, it's just unreal, the wisdom that's in there.

But one of the things that he said, talking specifically about a vision similar to yours, where you can build something that you can actually separate from, but it's still function well and continue with your vision.

It's really focusing on the design, the system design more than anything, which naturally I can just tell by the way you talk about tracking and measurements and even the way you talked about the class and how minute by minute you actually have that wire in your brain that sounds like you like playing with already.

So today I wanted to share a quote that I read from Charlie Munger, who was Warren Buffett's longtime business partner and one of the sharpest minds in terms of business thinking.

And he has this book out there called Poor Charlie's Almanac.

Now, I was lucky enough many years ago to go to a Berkshire Hathaway annual meeting, which is held in Omaha, Nebraska, in the big center.

And, you know, 15, 20,000 people show up for this annual shareholders meeting.

So I would say just go to university and learn it or take a course in it, take a training in it.

Books were always for me inspiration.

So books were always inspiring me.

Okay, so it is possible.

Okay, so that's how you can do dividend growth investing.

And then I like to read a lot about investment philosophy.

I just like to read the Buffett's book, Charlie's Almanac, Peter Lynch.

So it's books

love eagleville it's been a big part of us and our family and our childhood for a long time so it's cool uh you know whenever we get to participate in the community any of our communities across the country it's it's always good and it's and it's a really a testament to all of our people it's what you know you do each day that allows our company to be able to give back in such profound ways uh across 23 states so it's really really cool so recently Ryan, we can talk about this.

I'm reading a book about Charlie Munger, Charlie Munger's Almanac, which is a pretty – it's a really, really good, fascinating book.

Charlie Munger was Warren Buffett's partner for decades and decades and decades and built an incredible company in his own right and then also obviously what he and Warren Buffett did together.

But he brought up something about – Learn from people's mistakes because it doesn't matter how long you live, you can't learn from just your – you can't live long enough to learn all of the mistakes because you can only create so many.

So real quick, before we talk about low volatility stock strategies, Charlie Munger was Warren Buffett's partner at Berkshire Hathaway for a long, long time.

He wrote a really cool book called Old Charlie Munger's Almanac.

And in his book, he talks about the reason he wanted to be wealthy when he was a young man wasn't about him being able to buy stuff or do things.

It was about him being able to buy more freedom.

"Men are guided by nothing than self-interest." Uh, one thing when, when I get to this section, because, you know, I, I just said he, like, has this, like, uh, enduring critique of the humans around him and the general population.

Um, I went back and looked at the, these quotes from, uh, Poor Charlie's Almanac for Charlie Munger, and this is a description of Munger, but I really believe this could be a description of Napoleon as well.

So it says, "His underlying philosophical view was one of deep and realistic cynicism about human nature." In fact, there's another great quote from Munger that I just looked up where he says, "You want to avoid other people who are total rat poison, and there are a lot of them." And so [chuckles] another great thing about the book is that it will tell you when Napoleon says something and he repeats it.

So this says, "Repeated saying." He says this over and over again throughout the years.