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Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
stripe.press
Well, so much for Carson’s three prescriptions. Here are four more prescriptions from Munger:
Charlie Munger • “How to Guarantee a Life of Misery”
Ollie: Healthier, Human-Grade Dog Food Delivery
myollie.com
The keynote of [Edison’s] work is commercial utility. He asks himself when a new idea is suggested, ‘Will this be valuable from the industrial point of view?
Shiv Socrates Kapoor • Amazon Aggregators: Breakdown Research
Marquis learned a classic Harrison lesson—don’t spend a dollar of capital when all it takes is improving processes.
Howard Green • RAILROADER: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison
The flip side of the railroad genius was dismissiveness and distaste for corporate protocol. Harrison had little patience for boards. Put simply, they were a pain, a waste of time and money. They didn’t increase shareholder value or improve the operating ratio (OR), the key metric for a railroad that’s constantly scrutinized by investors.
Howard Green • RAILROADER: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison
so this is a model that I'm always looking for in any business that I look at: Where is there untapped revenue through inefficiencies, and how can we automate this?
Olly Richards • Case Study: Anatomy of a $10M Online Education Business
Albert
albert.com