Oct 8th 08 Posted by Jesse Kliza

Interview with Dean Isaji of ThinkMentalModels

As someone who’s always been fascinated by the human mind and how we think and make decisions, I was very interested in the concept of multiple mental models, outlined by Charles Munger in Poor Charlie’s Almanac. Back in May, I was introduced to ThinkMentalModels.com, and conversed with Dean Isaji, author of the ThinkMentalModels compilation. I recently had a chance to catch up with Dean and... read more

May 26th 08 Posted by Jesse Kliza

Munger Mondays in May: Success By Doing The Right Thing

For this last monday in May, I thought I’d end with this great statement by Charles Munger regarding one of Berkshire Hathaway’s keys to success: “We don’t claim to have perfect morals, but at least we have a huge area of things that, while legal, are beneath us.  We won’t do them.  Currently, there’s a culture in America that says that anything that won’t send... read more

May 19th 08 Posted by Jesse Kliza

Munger Mondays in May: If You Don’t Know Just Say So!

In April of 1996 Charles Munger spoke to a group of students at Stanford University Law School. This talk was later published in Outstanding Investor Digest twice (December 29, 1997 and March 13, 1998). During the question and answer section of this discussion, one student asked Munger the following question (remember, this was in 1996): “You discussed Coke’s mistake. Do you have any... read more

May 12th 08 Posted by Jesse Kliza

Munger Mondays in May: The Virtue of Reliability

In 1986 Charles Munger gave the graduation speech at the Harvard School in Los Angeles (now Harvard-Westlake). His speech was an expansion on Johnny Carson’s graduation speech given at the Harvard School years prior, in which Carson gave his prescription for a life filled with misery. Munger’s speech is WELL worth reading in it’s entirety. However, I’d like to focus this post... read more