Business Articles

From Charlie Munger's "Poor Charlie's Almanack" "We all commonly observe the excessive self-regard of man. He mostly misappraises himself on the high side, like the ninety percent of Swedish drivers that judge themselves to be above average." (p.473) One spouse...

From Charlie Munger's "Poor Charlie's Almanack" "The otherwise complex behavior of man is much simplified when he automatically thinks and does what he observes to be thought and done around him." (p. 480) "This make it wise for parents to rely more on manipulating...

From Charlie Munger's "Poor Charlie's Almanack" "Living in dominance hierarchies as he does, like all his ancestors before him, man was born mostly to follow leaders, with only a few people doing the leading. And so, human society is formally organized into dominance...

From Charlie Munger's "Poor Charlie's Almanack" "Man's imperfect, limited-capacity brain easily drifts into working with what's easily available to it." (p. 486) "The main antidote to miscues from Availablity-Misweighing Tendency often involves procedures, including...

From Charlie Munger's "Poor Charlie's Almanack" "Man, as a social animal who has the gift of language, is born to prattle and to pour out twaddle that does much damage when serious work is being attempted. Some people produce copious amounts of twaddle and others very...

By Charlie Munger's Almanack "Some seller of an ordinary industrial product will often change his product's trade dress and raise its price significantly hoping that quality-seeking buyers will be tricked into becoming purchasers by mere association of his product and...

From Charlie Munger's "Poor Charlie's Almanack" "Sibling jealousy is clearly very strong and usually greater in children than adults. It is often stronger than jealousy directed at strangers." (p. 465) "Envy/jealousy is extreme in myth, religion, and literature...