On Management

These are some key insights Charlie Munger looks in an organization to acquire or invest.

(excerpts from the book, Charlie Munger: The Complete Investor) :

  1. Capital allocation
  2. Compensation systems that create alignment with shareholders.
  3. Moat-widening skills.
  4. Management in place with high integrity.
  5. Brilliant and exceptional managers.

Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.
–Charlie Munger