Charlie Munger in his commencement speech on June 13, 1986, to the Harvard School, talks about four ways to become miserable. Munger continued from where Johnny Carson had spoken. Carson’s prescriptions for sure misery included: 1) Ingesting chemicals in an effort to alter mood or perception 2) Envy 3) Resentment On top of this, Charlie …
Category Archives: Book Reading Notes
Lazy CEO
Constrain Driven Spends all the time equally on all the aspects of departments of their company. Gives the most important time on things which requires attention. Is visionary, is aware what could go wrong and take steps to fix it. Hires a set of lieutenants and delegates most of their tasks. A Learner He knows …
Value Investing
While reading Charlie Munger: The Complete Investor, I got to know about Benjamin Graham. He is widely known as the “father of value investing.” The crux of value investing (excerpts from the book) : Determining the appropriate intrinsic value of a business. Determining the appropriate margin of safety. Determining the scope of an investor’s circle …
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) : Capital allocation Compensation systems that create alignment with shareholders. Moat-widening skills. Management in place with high integrity. Brilliant and exceptional managers. Remember that reputation and integrity are your most valuable …
Elements of style
Spent some time reading Elements of style. Two things I learned: The best writers sometimes disregard the common rules of writing. Writing in plain English which we use every day and fluency in which we talk among peers adds acceptance.
On Jeff Bezos
Continuing to the section from the book title: Steve Jobs Jeff Bezos: Building 2 Valuable Brands in America. These are some learnings author shares from Jeff Bezos. Act, Even If It Means Taking Risks Think Long Term Be Stubborn, Flexible, and Realistic Know Your Limitations Adjust Business Plans Before Expanding Your Customer’s Voice Matters Most …
On Steve Jobs
I was reading the book title: Steve Jobs Jeff Bezos: Building 2 Valuable Brands in America. I liked the author’s writing style, simple and to the point. These are summary of authors observation from the life of Steve Jobs. I am sure most of us have read all these in one of the other books …
Stoic practices
The Little Book of Stoicism mentions 54 practice which the author recommends their users to follow. It will bring the reader closer to practicing stoicism. I am adding some of the most meaningful ones I could associate with: Accept And Love Whatever Happens Undertake Actions with a Reserve Clause Remind Yourself of the Impermanence of …
book notes: The Little Book of Stoicism
I spent last week reading The Little Book of Stoicism by Jonas Salzgeber. I was able to connect myself with what he has written. Stoicism is a school of Philosophy over 2000 years old. It has become more popular in the modern age. It mostly focuses on our thoughts and understanding self. Our life is …
Book notes: Made to stick
I read this book and It covers 6 essentials keys to build a sticky product. I have added some of my take-ups along with authors storytelling. Simple Simple things scale. A product which is simple gets better adoption. In the book, the Author talks about SouthWest airlines secret to profitability. A simple message to the …