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TIP494: The Worldly Wisdom of Charlie Munger
We Study Billionaires - The Investor’s Podcast Network
The Importance of Scale in Business
Munger has also warned from falling under specific ideologies. He says that heavy ideology is one of the most extreme disorders of human cognition. Being heavily ideological pounds ideas into your brain better than it convinces it out. Munger talks about how scale can give businesses a tremendous advantage in many other ways as well and further entrench their competitive position.
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