Evening with Josh 20171206

Key lessons

  • Don’t just do something, stand there: Charlie Munger
  • When management with great reputation meets industry with really poor reputation, its usually the reputation of the industry that remains intact: Warren Buffet
  • Avoid buying into positions/companies that are over-leveraged: Warren Buffet
  • Early retirement extreme.
    • When you get too many steps removed from the fundamentals and are forced to rely on experts, you are opening yourself up to being sold bullshit.
    • When possible, spend some time to get to at least acceptable levels for tasks you need done periodically

Books we discussed about

  • Biocentrism
  • Creation
  • Early retirement extreme

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