Todd Combs - Charlie Munger's Legacy
Value Investing with Legends
Embrace Adversarial Collaboration and Challenge Your Core Beliefs
One should actively try to destroy their best ideas and closely held beliefs, seeking win-win situations and embracing adversarial collaboration. It is important to enter transactions where you would be comfortable being on the other side. This approach is key in the ethos and culture of successful individuals like Warren Buffett and Charlie Munger, who lived by these principles rather than just talking about them. Adversarial collaboration, as promoted by Danny Kahneman, involves engaging with someone holding an opposite view to explore questions with openness and softness, a valuable approach for investors navigating behavioral issues in running a portfolio.
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