Tren Griffin, an author and Microsoft executive, shares invaluable insights on investing and decision-making rooted in Charlie Munger's teachings. He emphasizes the importance of understanding your knowledge gaps and discusses how great investors succeed by focusing on what they don't know. Griffin also explores the balance of humility and hubris in entrepreneurship, the critical concept of 'moats' in business strategy, and the power of brand influence on consumer choices. His lessons extend beyond investing, applying to everyday life and smart decision-making.
32:41
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Investing & Business
Business acumen improves investing skills, and vice-versa.
An investing mindset enhances business decisions.
insights INSIGHT
Psychology in Investing
Psychological and emotional biases hinder optimal business and investing decisions.
Studying behavioral economics, journaling, and analyzing processes can improve decision-making.
volunteer_activism ADVICE
Embrace Humility
Behavioral economics and complexity theory emphasize humility and margin of safety.
Acknowledge what you don't know to make better decisions.
Get the Snipd Podcast app to discover more snips from this episode
Legendary investor Charlie Munger (Warren Buffett's financial partner and vice chairman of Berkshire Hathaway) invokes a set of interdisciplinary "mental models" involving economics, business, psychology, ethics, and management to keep emotions out of his investments and avoid the common pitfalls of bad judgment. In a new book focused on lessons learned from Munger, Tren Griffin (who works at Microsoft and has long focused on lessons learned from many investors) shares insights on decision making and the psychology of human judgment -- especially as it applies to investing and risk.
But Griffin believes that these lessons can be applied to all of us in our daily lives, not just by investors. (He also argues that investing may be one of the last liberal arts). So how then do we channel our inner Munger? In this episode of the a16z Podcast, we discuss how to think about thinking; why the best investors and business leaders spend more time on what they DON’T know; and how the best way to be smart is to ... not be stupid.
Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
a16z Podcast