Millennial Investing - The Investor’s Podcast Network cover image

Millennial Investing - The Investor’s Podcast Network

MI361: Poor Charlie's Almanack w/ Shawn O'Malley

Jul 22, 2024
52:04
Snipd AI
Chief Editor of We Study Markets, Shawn O'Malley, discusses key takeaways from Charlie Munger's wisdom in 'Poor Charlie's Almanack.' Topics include Ben Franklin's influence on Munger, traits that made him a great investor, importance of multidisciplinary thinking, elementary worldly wisdom, psychology of human misjudgment, and febezzlement.
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Podcast summary created with Snipd AI

Quick takeaways

  • Being a multi-disciplinary thinker like Benjamin Franklin is crucial for successful investing.
  • Understanding and avoiding psychological biases in decision-making is essential for better investment strategies.

Deep dives

Charlie Munger's Inspiration from Ben Franklin

Charlie Munger found inspiration in Benjamin Franklin, viewing him as a multidisciplinary thinker much like himself. Franklin's annual publication, Poor Richard's Almanac, served as a foundation for Munger's approach to worldly wisdom. Both individuals were self-taught and sought knowledge across various domains, shaping their unique perspectives and success.

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