Think like a Buffett
That’s Warren Buffett and his less famous yet more lionized investing partner Charlie Munger.
This investment duo behind Berkshire Hathaway has been elevated to oracle status. Yet, instead of claiming proprietary intelligence, they have notably cited fundamental thinking (combined with luck) as the source of their success.
Basically: instead of trying to be insightful, they try to not be ignorant, which means constantly studying and protecting against the human tendency for bias. Though their fan buses to Omaha are filled with MBA students, their lessons are widely applicable for any human trying to steer clearly in their own life.
Below is a starter kit that contains enough practices and principles to keep a human busy for a lifetime:
[LOGIC] A Canadian grew a blog from the seeds of logical thinking and named it after the street on which Berkshire Hathaway’s headquarters lives: Farnam Street has a clear, comprehensive overview of common mental models
[PSYCHOLOGY] Charles Munger gave a university lecture on “The Psychology of Human Misjudgment” that, while dated (1995), remains an extraordinarily adept overview of behavioral psychology relative to decision-making
[BUSINESS] Warren Buffet writes annual shareholder letters that have a devoted readership beyond stockholders: highlights (or full archive)
