What entrepreneurs can learn from Warren Buffett and Charlie Munger

As Warren Buffett has become mainstream, it is now easy to confuse the forest and the trees of the headlines. I made my first trip to the annual meeting of Berkshire Hathaway in 2008 and have been to the event seven times in total. Going back to Omaha is not so much about learning something new, but to be reminded of the important bits that I forget in between. Buffett and Munger consider themselves business pickers not stock pickers. They offer wonderful food for thought for entrepreneurs.

The best Interviews and speeches:

The essence of Charlie Munger and Warren Buffett  in writing:

Many of the books about Buffett and Munger obscure more than they reveal: As both are very good communicators, it is always a good idea to read the source:

  • The essence of Berkshire Hathaway:
    Special Letters to the Shareholders, the present, the past and the future As they’ve written both their versions, you get two very different approaches.
  • The essence of Charlie Munger. Charlie has been quoted and quoted again, and I think his unique approach to critical thinking is the consistent theme. This is best visible in his 1995 speech The psychology of human misjudgement, which is also the centrepiece of his own book “Poor Charlie’s Almanack”.
  • The essence of Warren Buffett is more difficult to pin down into one core piece. But in his original writing: The Superinvestors of Graham and Doddsville from 1984. Buffett essentially proves that value investing works. This was before value investing became super hyped. Since then Buffett has evolved many times over.

Some of the blogs that I enjoy most:

  • Farnam Street Shane Parrish fs.blog
  • 25iq by Tren Griffin: 25iq.com

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