Today, we’re replaying a conversation between John Collison and Charlie Munger that we first aired on 5 December 2023. Charlie said, “The best thing a human being can do is to help another human being know more.” He does just that in this interview. Please enjoy, and may Charlie Rest in Peace.

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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Show Notes

(00:00:00) Welcome to Invest Like the Best

(00:03:52) The fixation on evaluating business quality

(00:05:58) Learning the big ideas across various disciplines

(00:10:03) The issue of adverse selection in legal services

(00:11:42) Societal solutions for the opioid crisis

(00:17:34) Reasons for not investing in Amazon

(00:20:38) Explaining Costco's model

(00:29:08) Discussing the increasing challenges in investing

(00:32:08) Ingredients for long-term success in business

(00:33:18) Debating cryptocurrency

(00:37:37) Offering guidance for navigating a potential recession

(00:38:56) Reflecting on the state of American society

(00:45:20) Sharing a passion for architecture

(00:54:13) “Win-win” business

(00:57:53) Countering arguments against capitalism

(00:60:42) The origins of Poor Charlie's Almanack

(01:05:14) Building a productive partnership

(01:08:55) Opining on the SEC

(01:12:22) Highlighting investment concerns

(01:16:31) Reasons for optimism about China

(01:32:14) The unique aspects of Berkshire Hathaway