Log In
Or create an account -> 
Imperial Library
  • Home
  • About
  • News
  • Upload
  • Forum
  • Help
  • Login/SignUp

Index
"All I Want to Know Is Where I'm Going to Die So I'll Never Go There": Buffett and Munger a Study in Simplicity and Uncommon, Common Sense Jacket Title Dedication Copyright Permissions and Acknowledgments Introduction On Fatal Mistakes, Prevention and Simplicity
Mistakes Are a Fact of Life Don't Bother About Mistakes That Don't Actually Matter Avoiding Problems Is Better Than Being Forced to Solve Them If We Understand What Works and Not, We Know What to Do It Is Better to Try to Be Consistently Not Stupid Than to Be Very Intelligent If We Know What Doesn't Work We Don't Go There Thinking Backwards Is a Great Tool for Solving Problems Keep It Simple and Make It Easy for Yourself The Secret Is Ignorance Removal
On What Doesn't Work and What Does
Find and Marry a Lousy Person Turn Your Body and Mind Into a Wreck Only Learn From Your Own Terrible Experiences Use a Hammer as Your Only Tool and Approach Every Complex Problem as if It Was a Nail Go Through Life With Unreasonable Expectations Only Take Care of Your Own Interest Blindly Trust and Follow the Recommendations of Advisors and Salesmen Mindlessly Imitate the Latest Fads and Fashions Overly Care About What Other People Think About You Let Other People Set Your Agenda in Life Live Above Your Means Go Heavily Into Debt Go Down and Stay Down When Bad Things Happen Get Even and Take Revenge Even if You Hurt Yourself Be Envious Be Unreliable and Unethical Be a Jerk and Treat People Really Badly Have a Job That Makes You Feel Miserable Work With Something That Goes Against Your Nature and Talent Believe You Know Everything About Everything Associate With Assholes Distort Your Problems So They Fit Your Wishes Stick To, Justify and Rationalize Your Actions No Matter How Dumb They Are Be an Extreme Ideologue Make It Easy for People to Cheat, Steal and Behave Badly Risk What You Have and Need, to Get What You Don't Need Only Look at the Sunny Upside
On What Else Doesn't Work and What Does in Business and Investing
Invest Your Money in Overpriced Assets-Preferably Businesses Without Any Competitive Advantages or Future and With Lousy and Crooked Management If You Are a Businessman Think Like an Investor and if You're an Investor Think Like a Businessman Investing Is About Where to Allocate Your Capital Buy "Wrongly" Cheap Productive Assets You Understand Things Are Often Cheapest When People Are Fearful and Pessimistic Be Opportunistic and Adapt and Change When the Facts and Circumstances Change Stick to Businesses Where You Can Assess That Their Economics Is Good and Getting Better Buy Assets Protected With a Durable Competitive Advantage Run by Able and Honest People Understand Why It Has a Moat—the Key Factors and Their Permanence One Test of the Strength of a Moat Is Essentiality and Pricing Power Go in a Field, in Which You Have No Interest, Not Any Competence or Talent For, No Edge in and Where the Competition Is Huge Think About Where the Business Is Going to Be in the Future — Not Macro Factors Common Sense Is Better Than Advanced Math and Computer Models
On Filters and Rules
The Right Filters Conserve Thought and Simplify Life Never Lose Sight of What You're Trying to Achieve or Avoid The Tune Out "Folly" Filter The Important and Knowable Filter The Circle of Competence Filter The Too Tough Filter The Opportunity Cost Filter The "And Then What?" Filter The "Compared to What?" Filter Checklists Helps: Assuming We Are Competent Enough to Pick the Key Factors and Evaluate Them Learning Never Stops
Source Notes Bibliography
  • ← Prev
  • Back
  • Next →
  • ← Prev
  • Back
  • Next →

Chief Librarian: Las Zenow <zenow@riseup.net>
Fork the source code from gitlab.

This is a mirror of the Tor onion service:
http://kx5thpx2olielkihfyo4jgjqfb7zx7wxr3sd4xzt26ochei4m6f7tayd.onion