Charlie Munger is a big proponent of solving problems and optimizing through inversion. For example, if you want to live a happy, productive, and successful life it is probably more valuable to study those people who you think have been unhappy, unproductive, and unsuccessful.
It is just as important to know what not to do and avoid those actions and decisions as it is to know what to do.
…
Ben Carlson wrote an excellent piece about how knowledge is not enough in life. If one desires to effect change then knowledge without action is just an interesting academic exercise. It can actually end up being demoralizing as nothing is more frustrating than knowing what to do but lacking the desire to carry out the action and the discipline to stick with it.
…
Gary Carmell
Posted in Advice, Economy, Investing, News, People, Personal, Uncategorized, Wealth
2 Comments ↓
A few weeks ago I referenced Bob Dylan’s recommendation that we find our calling. I saw this in action last week and had this supplemented by some of the things I read. I had the pleasure to go to Philadelphia to attend the graduation of my niece from the University of Pennsylvania where she was awarded a Ph.D.
…
School tragedies are not a modern affliction yet they have been on the rise since the Columbine High School massacre April 20, 1999. The Sandy Hook shooting in Newtown was absolutely horrifying and a tragedy of unspeakable proportions yet the worst school tragedy in American history was 80 years earlier it took place at an elementary school in Bath Michigan in 1927.
…
I recently re-read George Soros’ lectures at Central European University from October 2009. He gave five of them and they will be something I return to over time. Soros’ most formative experience was as a 14-year-old in 1944 and having escaped the Nazis out of Hungary.
…
This week I continue with lessons learned from Charlie Munger and the answers he gave to shareholder questions at the Daily Journal annual meeting held in February. Last week I focused on delayed gratification and this week I will turn to his thoughts on personal development.
…
With Bob Dylan having been awarded the Nobel Prize for Literature over the weekend I thought I would honor him by being very self-indulgent and creating my own lyrics to Blowin’ in the Wind. I have often found that taking the time to figure out the most important questions to ask can be more mind expanding and powerful than just focused on getting answers.
…
I was struck by the powerful insights set forth in an article I read recently on Bloomberg. The premise is that Donald Trump is the first post-literate President. Prior to the written word, and I would also add subsequently the printing press,
…
It is estimated that over 40 million people watched the riveting game seven of the World Series between the Chicago Cubs and Cleveland Indians. Having grown up in Chicago and being a former peanut vendor at Wrigley Field and Comiskey Park (where the White Sox used to play) I was emotionally invested in the Cubs.
…
Gary Carmell
Posted in Advice, Economy, Investing, News, People, Uncategorized, Wealth
No Comments ↓
With this being Memorial Day I thought I would take a slightly different spin to honor this holiday. I, of course, want to thank everyone who has served to help protect our country.
The first people to honor and offer our most sincere form of gratitude is to those in the armed forces who literally putting their lives on the line to defend our country.
…