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Charlie Munger has died

berkshirehathaway.com

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Re: Charlie Munger has died

#351

Post by BiteCode_dev »

ravenstine wrote: post #181
swyx wrote: post #96

Earlier quoted context omitted.

i find it funny how the bryan johnsons of the world take like 123 pills every day and optimize all the fun out of life and we still dont really really know if it works or not and then old geezers like munger and buffett do whatever the hell they want and outlive everybody

Jack LaLanne died at 96 years old, yet my grandpa who's eaten tons of Taco Bell for most of his life is alive at just a hair from that age. I wonder what people will think about the obsession with "longevity" in the likely outcome of David Sinclair or Andrew Huberman dying in their 80s or earlier.

Peter attia adresses that in outlive: bias survivor.

People with good longevity genetic don't pay the price as much for their behavior, so they indulge in it and stand out.

But most people don't have that, and can only emulate a little their epigenetic by exercice, diet, etc.

Re: Charlie Munger has died

#352

Post by tm-guimaraes »

gist wrote: post #268
cainxinth wrote: post #8

As billionaires go, he seemed unusually down to earth. I listen to his lecture on "The Psychology of Human Misjudgement" every few years: https://www.youtube.com/watch?v=pqzcCfUglws

What you mean is probably 'as far as public billionaires goes'. And with regards to 'down to earth' like anyone of prominence they don't care about you or wouldn't help you in any way (and couldn't possibly). So we are not talking about the guy next door who lends you his saw and is already around for advice and a helping hand. Don't think for a second they aren't selfish in their own way they would have to be in ord…

> What you mean is probably 'as far as public billionaires goes'. And with regards to 'down to earth' like anyone of prominence they don't care about you or wouldn't help you in any way (and couldn't possibly)

That applies to any stranger. Basically, a billionaire is human like any other.

We do idolize Billionaire / celebrity too much, but these unkind takes don't help anyone.

> Don't think for a second they aren't selfish in their own way they would have to be in order to be involved and run an enterprise of that magnitude.

every human is selfish in their own way.

> What does down to earth mean anyway? Most people probably think that it means you appear to be more like the common man and don't have the typical trappings of wealth (or if you do nobody knows about them).

by your definition, he is down to earth. I would not define it like that, but i don't even know how to define it, but i would say that it correlates with not living for the apparatus or "big life" / hype / spend, and enjoying "small" things (ie, good and long lasting friendships, healthy family relations, simply enjoying a meal with people they care)

Munger and Buffet do seem to fit that.

Re: Charlie Munger has died

#354

Post by mdp2021 »

jesterson wrote: post #336
KerryJones wrote: post #19

Charlie Munger is one of the closest things to a "hero" I've ever had. Others have named them, but Poor Charlie's Alamanack or his Psychology of Human Misjudgement are both incredible. I've made a point of seeing him at Berkshire Hathaway's annual meeting every last few years. He had many trials in his life but lived it well. His wit and wisdom will be missed.

Would you mind to explain why? Arguably the guy did nothing worthy of admiration. Sure he managed to multiply cashflow, but on my books that doesn't stand nearly to definition of hero. Don't get me wrong - I enjoy his books and interviews perhaps like everyone else. He was incredibly smart character, no doubt about that. But hero? Not trolling, genuinely curious.

> [doing ...] worthy of admiration

Being. Being well is an achievement.

What you come up to be is something you do - you develop it.

Re: Charlie Munger has died

#357

Post by eddtries »

rickreynoldssf wrote: post #112

I always remember him saying "I always tried to find ways to kill my pilots" referring to his days as a meteorologist in World War 2. This is in reference to "Reverse Thinking", the way I approach all my projects by trying to wreck them from the start and shipping once I can't.

I read they use that methodology at Google X - the team take pride in proving ideas can't work by doing the hardest part first. There's some good blog posts on how this works and how they kill projects fast.

Re: Charlie Munger has died

#358

Post by markbudada »

mindhash wrote: post #347

This saddens me. I recently started psychology of human misjudgement. Someone in thread asked what’s big deal about him. what did he achieve My answer would be I never tried to look into his achievements or did care about them. The man was genuinely curious, humble and a geek. He constantly published his ways of thinking. I enjoyed how he thought about things, how i could relate self correct based on it.

you make a good comment, humble, curiosity, geek, 3 excellent traits of Munger

Re: Charlie Munger has died

#359

Post by [deleted] »

krisoft wrote: post #343
WalterBright wrote: post #279

Earlier quoted context omitted.

My first stock purchase was in 1982. 60 shares of Boeing at $16/share and $29.52 commission.

So that is about $3k in todays money you had laying around and could risk. Are you sure you are well attuned what is within the reach of the common man?

[deleted]

Re: Charlie Munger has died

#360

Post by jesterson »

apexalpha wrote: post #339
jesterson wrote: post #336

Earlier quoted context omitted.

Would you mind to explain why? Arguably the guy did nothing worthy of admiration. Sure he managed to multiply cashflow, but on my books that doesn't stand nearly to definition of hero. Don't get me wrong - I enjoy his books and interviews perhaps like everyone else. He was incredibly smart character, no doubt about that. But hero? Not trolling, genuinely curious.

Not OP but mr Munger and Buffet have also held steady course in an increasingly hype driven financial world. And they've stayed course since the 60s! For that alone they've become (cult) legends among small time investors. As a small time investor myself born in the 90s it is insane the amount of bullsh*t social media will push onto you regarding finance. Their annual meetings where they answer questions are some of…

That's all great, but does it qualify for a hero?

They did't do anything with the cash except piling it up and multiplying. By all means they could do that - don't get me wrong again, but that doesn't make them heroes, does it?

Their videos are by far _not only_ sane advice out there. They are good, but any decent book on the subject value much more.

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