cover of episode Reflections from my dinner with Charlie Munger

Reflections from my dinner with Charlie Munger

2023/11/29
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This chapter recounts the author's experience having dinner with Charlie Munger and shares key takeaways. The main theme revolves around Munger's indifference to problems, emphasizing the importance of learning through behavioral changes and focusing on finding great businesses and people to minimize problems. The author also highlights Munger's advice on avoiding regrets and the importance of going for great.
  • Charlie Munger's indifference to problems.
  • Learning is changing behavior, not memorizing information.
  • The importance of finding great businesses and surrounding yourself with great people.
  • Avoiding regrets and focusing on learning from mistakes.
  • The significance of going for great to simplify life.

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What you're about to hear, I have never released on this feed before.

Earlier this year.

I got to have dinner with chilly monger. I spent over three hours with them. Surely after that happened, I was asked the question, what did you learn from that experience and actually recorded my answer to that question. And so you're about to hear that recording. Now before we get to that, I want to tell you one of the first thoughts that I had when I woke up this morning.

I heard the news of charlie e passing away yesterday, and I was actually surprised at one of the first things I thought about this morning was I was actually a quote of something that sam walton had said in his autobiography. m. Walton said that he borrowed more ideas from sol Price than anyone else, and same was in the business of learning from other entrepreneurs.

Fact, in that same book, he says, everything that i've done, i've copied from somebody else. I'm in the same business. That is why founders exist.

I'm in the business of learning from other entrepreneurs. And I realized this morning that i've borrowed more ideas for my own life and my own business from charlie y. Monger than anyone else.

Charlie, a hero to me. Charlie changed my life, and i'm going to miss them. I hope you enjoy these notes from my dinner with charlie monger.

What did you learn from having dinner with chilling monger? In case you haven't seen yet, I just made an episode about to to ninety five. IT is about the book, the hotel choking monger, but is also about the fact that I got invited to have dinner, actually, monger's house.

I got to spend over three hours with him, and I got to ask any question. No, no limits, like you could ask whatever wanted. And so the first thing that I learned is he's exactly as advertised.

The charity that you see at the bircher meeting, the truly that you maybe watch speeches on, the truly that you read books on, that is the same guy he really does read all time. His bookshelves were filled when he says, hi, you should become friends with the am and the dead. He says, he's a biography, not, I thought, you know, close three hundred biography for the, he makes me look like a bio phy.

Amateurs had books on your shelves. And don't worry, he let me look through shelves and I to order on these books. They are really hard to fine. I very hard to track. Watch room down.

But he, he lives what he preaches, the fact that hash become friends with the amn of dead, the fact that you should find which are good at, and you should pound away at IT forever. IT took him forty one years to find his life's work, but once once became a full time investor, he knew that that's what you're trying to do for us, for life. He's just obsessed with IT.

He loves this idea where he could design his own schedule. He never wanted to have people to manage lunch people. He wanted to read all the time and make money with his mind.

And so wills with charlie IT was so incredible to be able to meet one of heroes like he had a heavy influence. I have stored so many of his ideas that I had prepared a list in advance of a ton of questions and and things that I wanted talking about. I never looked at my phone once.

So the way i'm going to answer this question is what I did is when I got back to my hotel after I, I knew us like this, know charly. This is like a night charly monger may never remember, right? Because you think is nine nine years old.

Think about all life experiences that the guy's had. What's in his brain, right? It's a night that he may never remember. It's a night or forget.

So I just wrote down like, what are the things that I wanted to remembers? And so to answer this question, I just want to run through some of my notes with you. There's like one main theme.

What's interesting truly like a lot of his ideas interact with each other and they they combine and they they become even more powerful, like this lot of pollution affect. He talks about time. So what I would say is, like the main thing that I took away from the dinner that I think is something I really tried to put in practice.

It's really important to me, like something that clicked when I was I was reading um it's absolutely six I think the book is called, has a terrible title like all I want to know is where going to die so I won't go there but while I was going through the words of charlie and warm buffet in that books, something clicked. And I think you click with a lot of people because when you put a podcast out, right, I just do these things by myself and then I really sit and I have no idea what the reception will be. And what's interesting to me is like people will pick up on the specific lines, and like those lines will resonate foreign above everything else is in the park cast.

And so something I said on the podcast, I click for a lot of people and click for me was that learning is not memorizing information. Learning is changing your behavior vice on all time, ranging about chilly monger watching his Q A S. At the birch hair meeting, listened to his speeches, reading books, uh, reading people are influence by and IT doesn't change my behavior and just wasting time.

And so the main theme, the thing that jumped out the most, was charlie has an almost complete indifference to problems. His perspective, effect of timing, I would be like, troubles from time to time should be expected. They're an unescapable part of life. So why let IT about you? Just handle them and then move on.

And this idea, his argument, but in business, this problems that are escaped and in your personal, and this idea combines two other ideas that he talked about at the dinner, and he talks about, you know, in the box and in speech, everything else. And that Charles looks at nearly everything through the lens of history. And the his perspective, if I could memorize, is like, you're not changing human nature.

Things will just keep repeating forever. And so the fact that this guy has deep historical knowledge, right, he knows that human nature just repeat, open over again. And the fact that because of A T, that deepest technology knows that you're no what is getting to life with our promise.

So then that leads to the sumac. And what's gona change you, holly, changes the behavior, which actually the learning part, right, was so OK just cause problems are not, well, doesn't mean that he wanted abundant to them. So his old thing is that wisdom is prevention, which is the only three words.

And he is crazy. If you just sit and think about what that actually means, and his points, action, problems are unescapable, but you need to do your best to avoid problems. And the way you do that, this is the the third, a idea that tied together, if you go for great, it's harder to do.

But IT makes your life easier. If you go for great, great businesses are rare. Great people are rare, but they are worth the time to find.

Great businesses, throw off way less problems than average or poor businesses, just like great people have, will cause way less problems in life than average or low quality people. In the podcast, I will listen to the whole thing. I hope IT seemed good.

I was just so excited. And on such like a high, I don't even know if made sense. I list to a back and I think this is good. But but no, I was just so I was just so influenced by just being the medium you know i'm just incredibly grateful for like I didn't want to try to hide my excitement know in the fact that, yeah, he is my hero like I know he's human being, just argue.

And ee, but I do admire him and I do think he's the wisest person across you know trying to in many ways like pattern my life after him um like in my own unique way on that episode I talk about like a description of you know if you're around like a low quality or quality human is a this phrase that my wife says and spanish that this is perfect and that describes and he says that person could drown in a couple water and so that one then go for great like spend the time to to find a great business I do think like this you know, took me thirty something years to find my life work, which obviously think founders is my life's work. I believe IT to be my life work. I think it's a absolutely great business.

It's something i'm obsessed with. And so now take control advice. I know that the likelihood is that i'm not going to be my businesses is onna go away because the competition, my business gna go away because humans can't handle success.

And so they always say it's like a no line and cho says is fantastic exact. It's not that getting is not getting richer gy of the way, but it's stank saying most people never find a great business right. Then once they get into a great business, they get bored, their their attention span to windows where cases and then they just screwed up by jumping around.

And that's why a lot of truly seem as, like patience, patients, patients. He said something in the dinner that was fantastic. I wish I could rote IT down. But he said that, like the advantage of him, warn, have know, they repeats us, is like, it's temperament.

And he used an adjective, I couldn't remember what I was, but is like, we just part of our successors had this this unusual combination of extreme patients, extreme patients, and like ferocious aggressiveness when they find like a good business, because they are sitting, sitting, sitting, waiting for something, they find IT, and they act incredibly fast. So I just want to tie this up before I go on to other and golden butcha tangle's on here. But this idea is, as I OK go for great IT, don't make your life easier to go for great, just fine.

Great business, you know, maybe that's one. Great business is maybe it's two. It's certainly not fifty, and I really think you just need once.

So find a great business and then surround yourself with great people. And if you do that, you're still going to have problems in life. You'll just have a lot less and then you'll know what a truly say, right? I got a little well, this a problem.

That's fine. I'm going to handle IT. I'm not gonna ind about IT to handle IT. I'm going to move on my life because problems are just part of life.

If you're truly getting wiser, you're learn how to avoid most of the problems that are under the that are under your control. So that is the main lesson. Here's a few other one said that we talked about.

Do not spend time on regrets. That doesn't mean you shouldn't be learning from your mistakes. Like everybody make mistakes, robby your nose in your mistakes, so you're making sure that you're not making that mistake again. Talk about the early part of his career when they were just buying corner quote, great values but crappy businesses and he's like you, you have to learn from that is like, no, these crappy businesses, you're getting them for that Price for a reason is like just pay a little more and get a great business and then just keep that business forever.

And so that's part of him saying, I don't regret that I made me these mistakes of getting in these bad investments are getting in these bad businesses like they tell something and then I just moved on. I'm not gonna ry about IT. And then I also got to ask, like, well, what I love to do in new, and because I spent a ton of time in these books thinking about, like, the early life, and not to the ninety year, seventy year, eighty year old version, charlie.

But what was charly doing when he was going? What was he doing on his? Was he doing with forty one when he decided him going to be a full time investor, not onna practice law anymore? And I was talking him about the six man. I'm like reading about you at this Young age and you kind of see they're stumbling onto their ideas, they're kind of trying to figure them out and are closer, closer to like what birk hair is going to be at.

Do you exist? And I was like looking back at this now, you know your age, are you surprised how successful? Because i'm thinking about the Young monger, Young, and how you are you surprised how successful that you and more and turn out to s, how could you not be? And then that LED to this time, gic, you could teach charly up with the question, but charlie going to talk about whatever charly was talk about, and he should cause hate.

The amount of information that's in the sky's brain. And the entire night just told the story after story after story of this, this amazing business, they bought red, this amazing deal that this went bad. Oh, I thought this was right.

And his recall was absolutely incredible. And this went on an attention. And he's like, actually, I think that mean Warren get too much credit that are those interesting. And he was talking about the fact that he finds IT really odd to be so wealthy and so loved. And his point is like, that's not a Normal human reaction.

Like there is this egalitarian ism in human nature that, you know, the people, just in general, like have any levels success, especially on his level, right? Muti, multibillionaire lars of wealth produced for himself and his family. Like that's not usually no peos can react.

Most people react poorly to that. And what I thought about this after I was like, you know what? I wonder if it's because he spent him and warn, spent so much time teaching other people. If you think about what portrait is, omani is what the questions that he takes the birch meeting is are are what um what the share warm up and shareholder letters are like those are lessons like they are all they're doing the same. Hey, we learn all the stuff and this is, uh, what we learned.

Let's take time into writing out the lessons in the form of cheerful letters and then sharing the lessons that we learned to answer the questions at the meeting and in and in agreed, you know you have what is at four, five decades, think it's like fifty or sixty years. They do in doing this fit, they say to, say, half a country, a half a century of documented lessons. And then they turn IT out and they just make IT available for free, everybody else.

And so how many entrepreneurs, investors, executives, people in business have been educated by warn and chilly over all lifetimes? millions? That's not understand, millions of people. And this is certain in the way I feel like I don't look at, I don't.

I don't do this anyways because I is remarkable how many smart, successful people I meet that are still I caught up an envy that are worried about. Like this is crazy to me and is something I went from charlies. Like, the world isn't run by IT, run by envy.

And like you just have to have a good life, have to care of family, like somebody also getting rich on you, who gives a shit that is always going to happen, that has nothing to do with you. Why is IT about you? And I think that how most people will warn and charger, these guys are super rich, way more successful.

But like, look at all the information they put out their value. Look at all the information that could change your life. So that's my own personal opinion.

Like I didn't get a chance to ask him. I didn't even have that thought at the time. I just thought about that when I was writing these notes.

So I O that is kind of like why why is that so different? Is no there's no outside of warm buffer. Ts, uh, are truly monger's house, you know, uh, protesting are like with a guilty.

Are all these crazy things that people do when you you get to like the top of like the world to richest people list? You know there is like an interesting, like why is that the case? Like why are they the exception? So my guess is, again, they spend a ton of time teaching others.

Now you can ask question, like what rolled, like your parents play and like your drive success, like where you trying, like show mom and dad, like, hey, this is what I could do and you know charlies like, no, he's like, I always had an inner clock. I just do what I want to do, and I don't care about the ideas or thoughts of other people. And as a result, this internet he talks about like deals like they turn down, they could make they get all kinds of crazy deal flow from their positions.

As you can imagine, I think the teaching aspect of that is a huge part of IT. And yet they have opportunity make like a bunch of money worth free. And it's like business to say that you know may harm other people or they just didn't like IT and they return IT down.

So all like inner clock things like i'm just going to do what I want to do. And I was a larger team too. Where Charles is not his whole thing is like he likes people that like one of his favorite entrepreneurs.

As jim and ago from costco, I got asked me like why can I find any information on jam? We doesn't give speeches, no books. So because he's busy working for those of laws.

But um he just like if you think about is like, well, just got told the business that helps people like what is with the whole business model of costco is like they use their size to get unbelievably deals, unbelievable deals for the customers. And then instead of like marking up more than they could, they just pass that savings on. There are millions of millions of customers.

And I think I read in the the tale chilling monger, they have like a hundred and fifty million checkouts a year, that that information, you know, maybe a decade also driving more now. So like what is the agreed goodwill of like just a amount of savings, said that this idea that jim had and that he grew over multiple decades, like what is the benefit to his customers and to the society? Large like it's it's large.

Like you're saving a tony money because of this unique business, uh, that the jim built. And I think that's what charlie would give you advice, just like do something that other people value and then do for a long time and really, really, really give a shit about the business such like you can tell his whole thing is like a you're you're onna have more success another like hack of, he used another like good idea of this. Maybe that's Better way is like if you just move yourself into a business, we have an intense interest that's gna cure most of your problems like you're just going to think about all time, you going to constantly improve IT.

You're not onna quit and that right there is probably you know eighty and ninety percent of IT. And then something also was lucky about is the fact that um the night started in charlies library so he was sitting there in a small group and he is back is to like behind him is all his bookshops and I was just scanning his bookshops talking and I knows a bunch of books that I had read so I was able to like bring up the super books. I brought up the fact that I saw Henry kiss's biography on the shelves and I wrote that book, like, four years ago, was episode sixty six of our founders.

And so then charge goes into, I just bring up ker. And like what he thought about him, and like his recall, was just unreliable, able. He had read that book on in a long time, minds of knowing Henry causas partner can tell you about the the businesses that hendry built, can tell you about the role that he played in war, war two building the liberty ships we talked about.

The fact kiser bought was one of the people have built, help build the hover dam. And so this this kind of thing just happened. You just mention one person he could talk about a forever. And that really made me realized, I, okay, anybody in any nine years old gna have some kind of cardinal cline. But imagine, like, just how powerful his guy's mind was when he was Younger.

And like that he did a lot of work to do that know he's read thousands and thousands of book, book spent thousands and thousands, even tens of thousand and one hundred thousand hours deep in thought. Thinking about the suffers are only thinking about the things that are going on the world, thinking about what he want, like how the business said he wants to build. And so that knowledge first, and he is always really how knowledge compounds like ba learning machine go.

No, he says, go to sleep every more night. A little smarter you were to, you know, over a long period, really makes difference. Like you see that in his conversations ago, this kind lives, his ideas, not just out there, B, S, and people is like this is, I just told the ideas that I use of my life and if I was valuable for me, it's part value for all the people like, I just think that it's part of his wisdom is just how simple is and what would truly will tell you like, okay.

Well, if it's simple advice, like why are more people using this as against human nature to overcomplicate things? And so that's all points like why he repeats things over again because like you just have to keep IT as simple as possible because you're likely just like your natural tendency is going to overcomplicate your life. And then, of course, one of the questions I had ask him was I wanted to talk to him about.

But Frankly, because ban Frankton was a hero, charly makes like these busts of a people he admires and to the people he has best of are bent Franklin and liquor. You cause leak on you like the warm buffer. Singapore singapore. But when we're time of in Frankland, uh, I brought this book covered I think was up to fifty one is a Franklin washington about their their partnership ahead and he didn't hadn't read the book yet, but he knew all about like Franklin relationships at washington.

And so what he he was talking to us a lot about, like you know, he believes, is they ever have another life as remarkable brand Franklin that he was number one of business, number one of science, number one in politics, all like at the same time in one life form is our lifetime is like that. Never, never see that again. He just thinks he's just absolutely wise.

And remark one, if you read band Franklin, you realized that what charlie did is just take a lot of Frankness, ideas and then them and reward them but a lot of IT they think very similarly uh and in the way they communicate, uh, it's very it's very simple as well. But what I thought was interesting is he the important part that jumped out is the fact that ben Franklin did something very smart. He said, ben, Frankly, did something very smart as whole life was that he sought out other impressive people like George washington.

He did this when he was Young. He did this when he was old. He did in his entire life.

And then charlie win. He said, entrer. Ney did this too. And then I ve got to ask, follow a question.

I is, is this something that you did in your life? And immediately he says, absolutely and still do. And he was to point out, out like you find, go for great.

Goes back to that main idea, right? Go for great. Find other in first of builders off, open to an impression, impressive, formidable person.

That takes a lot of work. great. You do. You find other people that I like you, and then you build relationship time.

And they made, in many cases, they had friendships and business relationship with the same people that they met in their youth, their entire lives. A lot of them, you know, passed away instead. But IT was something very important.

Charly stood us as where he seeks out other Young, interesting, smart people, whatever the cases. Every single person that is dinner with me with only I think five of us, we're off fifty years, sixty years Younger than charlie. He was also talking about like if he doesn't see people in person, like he'll seek out and who talk to other smart people on the zoo.

M, you know, he is still in the ninety ninety, still curiously reading, still paying attention to what's going on a business. Is that never gna stop. He is like going.

The way this going to stop is when he dies. Another thing goes back to like just building your business around a set of simple ideas. They have that notoriety that like following because that there just constant teaching, concentrating everything they learn.

You know a lot of people call them first. They see a lot of deals first. And so they combine that idea with the fact that they made so much money because they they had a of cash and they could move fast.

And he would tell deals, you know, crazy examples were like, somebody calls on like a saturday and like, hey, these businesses like having a bunch trouble. This may be one subsidiary that truly more knew about in advance because they're like, they know what's going on. They know they're interested in that is waiting for the opportunity. Get IT. And I in one case there, like, hey, if you want this, uh, we need four hundred and fifty million dollars and is like on a saturday morning or something, and we needed by monday.

And I was interesting because the lawyers are telling, warn and charlie know we can do this, like we have a contract yet we have to go through, we should inspect IT and because of their relationships, because of the fact that they know in their mind like what assets they want and charlie said, like warn and charly ignored. The lawyers are like, no, we think the a deal warn wired the money first thing monday morning without even an email, no contract, no email, just on the strengths of the relationship of the person calling them in the fact that they knew the the actual value of the asset that they are buying. And Charles is something like they made a couple billion dollars on that deal rifle.

And so that's just like one example of a bunch of he has walked us through like the way they thought about things. And again, it's it's like, yes, if you look at bircher today, unbeliever ly complicated, you can imagine how to how this thing came to to exist. But if you look at that from their perspective, was I O okay, we started out doing one thing really like forty.

He's like forty one I think aren't let's he's mid forties. Warns authorities you know as like trying to figure this out and then they just keep building on to keep learning from and over time, that's when you get it's like super complicated. But from from their perspectives, I like simple because we were learning as we went, and then we had an ideas.

I O, we made a wrong stay here. okay? We will just course correct CT and them will keep what we will do the next time.

Mon will just keep building and building, building. This goes actually like, I really do believe in something is so important. Time is gonna Carry most the wait time is going to do most of the work.

The horror for you. And I like finding a truly great business with truly great people around us and just staying there. And not all of the advice that he was giving us was business right? Something interesting.

Few people, they were parents, he says, is like, and I didn't try to steer my kids or my grandkids into what they should do for a living. This is very similar, and this is like also being software. Like, truly know this where like, he is very aware that he is rare. Like the idea that you're gonna somebody like him, like you just can keep birthing.

You know, I think I like ten kids like there are something great kid who knows how many is are unlikely like he's a one in a ten million kind of person and so he I wasn't one he thought he was was beneficial, that he got rich, he got wealthy later life. But if you ask them, like this is something people struggle with, you know, they're like key. Many cases, there you are into a entrepreneur's resting.

You build a very successful life, something that success is financial and and not something like your kids are growing up and like comfort that that hard didn't grow in. And so like how do you do that? He is like, of course, of course, some of them are going to be less motivated because they were born rich.

Like what there's no solution to that problem. And then he talked about, like, what you do. Like, you know, people struggle with.

Like when wealthy, would you like going to give that money to your kids? And his advice was the most unique. Consist is something that appears over again in these bug grapes that a read and no one has an answer. Everybody, I don't know, I don't know what to do like sometimes I turns out well sometimes turns out that his point goes you have to give them the money are they're onna hate you for IT and his whole points like you wanted you had kids, you wanted to build a house with them.

You've try to lead by example, that's all you can do and what's the point of like building wealth and then thank sorry kids like i'm giving this all away and then having like human nature, he lets go back to what what's at the very time my list he said he looks at everything, do the ends of history. You aren't changing human nature. Things will just keep repeating forever.

Are you learning from that? Are you learn from mister or not? And in other cases, obviously you learn from history is like all you know, they're just can hate to ford.

So I think when his wife died, he said something like his wife died in a thousand twelve years ago, they had given away and to the way of half. They are fortunate like their kids and grandkids, that's disbursed to like big amount of a large of people, but it's still a lot of money. And you know he thought that would.

That's what you should do. You like there's no point in doing all this. And then having getting to in your life, you having a bad really sure with your kids are having your kids presently, that's any sense.

So yeah, of course, in some cases are going to be less motivated because they are born rich. That too is also human nature. And then I had a office question I got to ask you, like, why did you write an automobile? Y like, what? Come on, man, that would be fantastic.

And he says to answer this question, he said is answer is very simple, is like, well, it's too hard to do correctly and I didn't want to do IT. And there's also have enough people out there like categorizing and summarizing and organizing. His thoughts, I thought, is funny, is like one of my personal goals as I live a life remarkable that somebody writes a book about IT, and then you can have that book on your shelf before you die.

So I found there's a few books about him on his shelf. wonderful. I haven't done for the pocket and it's shame on me. It's not seeking wisdom from Darwin and monger, I think. Um so I all do that soon.

Maybe I like make me like a mountain to you many or key doing just not charly monger episode, but I definite that episode. I think I will wait too long because I want like this like dinner from him to still be you know in like fresh my mind. I am so he didn't won't write an autobiography.

He did talk about that portuguese omen act is being reprinted. And this can be an online versions soon through straight press. I think that's coming later on this year, which is fantastic because had a physical book, but I would love to be able to search that book and to have a kindle version would be excEllent.

Charlie is who he says he is like, he loves a good deal. He talked about like, look at this shirt I bought, you know, twelve dollars. I've had IT forever.

Look at this watch. I can't get a cheaper. He lived in a modest house. IT IT was a nice house, but there is no way that you think that a multibillion lives.

House and so that goes back to, you know, he is who he says he is. He's just like, listen, I like to read. I like to make money with my mind. I like to talk to interesting, smart people. I like to think about the world and he's like he built a world around that just happened to be very good at that to the point we're like, you know, his brain can essentially produce an unlimited amount of money.

And that leads me to the last thing that I wrote down and I think applies not he's going to say this investing, but IT applies to building a business like if done, done at the high, high levels, entrepreneurship, investing at the high settle. They produce the most material. They produce the most wealth in the world.

That should tell you away from us, that is not easy. It's supposed to be hard. It's going to be hard. IT fights against your nature, every bony, your body, every all of your nature. Because most these businesses, like all the Peter one, is like problem with technology, sue now is they optimize for growth that the expense of their ability, and that is making a sense, because all the value of a company is coming ten, twenty, thirty years into the future, and everybody quits before they collect the value.

Charleen warn just said, okay, well, this going to compound or just write this thing for the rest of our lives, which again is obviously the more thing, and go for grape and so the lesson he said he was being good at investing is a very rare skill. IT is not distributed widely, and IT will never be. And so when I think of entrepreneurship, but is not an art or science, it's a practice.

And so when i'm hearing charlie y say that is like being good, being a good founder is a very rare skill. IT is not distributed widely and I will never be. And so what i'm doing with that information is i'm going to keep up my practice as long as possible.

I'm going to use the lessons from history of entrepreneurs as leverage. And then I let time Carry most of the weight. And at the end of that, I will be in possession of a very rare skill.

And that is where I left IT.

I just have .

one ask or one suggestion for you. One of my favourite things that charlie said, he said at the berkshire a burger annual meeting back in two thousand and ten. And he said that the best thing that a human being can do is help another human being, no more.

And so the one suggestion I have for you is i'm going to leave link in the shower notes. In the the last few years of his life, charlie was working hand in hand with stripe and stripe press to republish a new version of poor Charles oman ec. There is going to be a digital version for the first time.

There is a several hour interview that charly recorded with john collison, one of the confounders of stripe. I already have an advancing py. In fact, I have two advanced copies of the strike.

Preservers onal portrays omonia. It's incredibly well made. The book is actually released next week. IT is a great collection of the knowledge that charlie monger accumulated over his lifetime and that he wanted to share with other people. So I will leave value dumb alo.

I highly recommend preordination book and buying copies for yourself and for your loved ones. I will also leave a list of all the charlie monger episodes that I ve made so far. I would start episode two ninety five, which I reference in this.

It's called I had dinner with chilly monger episode two eighty six, titled warn buffs and charlie monger. It's based on the book. All I want to know is where i'm going to die.

I'll never go there. Buffet in monger, a study in simplicity and uncommon common sense. Then episode two twenty one is on charly mongers bike phy, titled damn right.

Episode ninety is the first time ever did an episode on poor charlie omonia, the original version, i'm rereading portraits omonia knowledge right press version and eventually will episode on that. And next week or two that episode ninety, episode seventy nine is on the book the complete investor, which is about charlie monger. And finally, episode seventy eight, which is the first time I made an episode on this fantastic little book called the tower of charlie monger.

That list of episodes will also be in the show notes as well. I highly recommend, starting with episode two ninety five if you have not listen to IT yet. Thanks for listening, and i'll talk you again soon.