Money and Finance
From Charlie Munger: The Complete Investor:
- Links
A Dozen Things Learned from Charlie Munger about Making Rational Decisions (LINK) A Dozen Things Learned from Charlie Munger about Mental Models and Worldly Wisdom (LINK) Related book: Charlie Munger: The Complete InvestorJason Zweig: 5 Things...
- On Checklists And Not Being Stupid...
From Charlie Munger: The Complete Investor: A lattice approach is, in effect, a double-check on the investing process. But instead of just two checks, you are checking the result over and over. Munger believes that by going over your decision-making process...
- Tren Griffin On Mental Models And Investing...
From Charlie Munger: The Complete Investor (which according to Amazon, is now being shipped for end-of-week deliveries): No one can know everything, but you can work to understand the big important models in each discipline at a basic level so they...
- Charlie Munger And Learning
From Charlie Munger: The Complete Investor: It is clear that Munger loves to learn. He actually has fun when he is learning, and that makes the worldly wisdom investing process enjoyable for him. This is important because many people do not find...
- Daniel Pink On Econtalk
Found via Mises. Daniel Pink, author of Drive, talks with EconTalk host Russ Roberts about drive, motivation, compensation, and incentives. Pink discusses the implications of using monetary rewards as compensation in business and in education. Much of...
Money and Finance
Structuring compensation incentives...
From Charlie Munger: The Complete Investor:
Munger believes that structuring compensation incentives is critical. If the right structure exists, then a seamless web of deserved trust can be created which lessens problems related to this tendency. For example, it is surprising how many people fail to recognize how performance suffers if you pay someone in advance rather than after the work has been completed. It’s precisely because of the dangers of misaligned incentives that Munger and Buffett chose to make compensation decisions themselves, whereas they delegate almost all management responsibilities.
- Links
A Dozen Things Learned from Charlie Munger about Making Rational Decisions (LINK) A Dozen Things Learned from Charlie Munger about Mental Models and Worldly Wisdom (LINK) Related book: Charlie Munger: The Complete InvestorJason Zweig: 5 Things...
- On Checklists And Not Being Stupid...
From Charlie Munger: The Complete Investor: A lattice approach is, in effect, a double-check on the investing process. But instead of just two checks, you are checking the result over and over. Munger believes that by going over your decision-making process...
- Tren Griffin On Mental Models And Investing...
From Charlie Munger: The Complete Investor (which according to Amazon, is now being shipped for end-of-week deliveries): No one can know everything, but you can work to understand the big important models in each discipline at a basic level so they...
- Charlie Munger And Learning
From Charlie Munger: The Complete Investor: It is clear that Munger loves to learn. He actually has fun when he is learning, and that makes the worldly wisdom investing process enjoyable for him. This is important because many people do not find...
- Daniel Pink On Econtalk
Found via Mises. Daniel Pink, author of Drive, talks with EconTalk host Russ Roberts about drive, motivation, compensation, and incentives. Pink discusses the implications of using monetary rewards as compensation in business and in education. Much of...