Learning the anti-patterns is a more robust form of knowledge acquisition than focusing on success patterns. Anti patterns are those patterns which consistently lead to undesired outcomes and thus need to be avoided.
Charlie Munger took this idea and packaged it into a witty phrase — All I want to know is where I’m going to die so I’ll never go there. That short sentence epitomizes Munger’s remarkable ability to eliminate folly, simplify things and boil down issues to their essence and get right to the point.
Inspired by Munger’s super quote, Peter Bevelin wrote a book with the same title. The book is a curated collection of Charlie Munger and Warren Buffett’s quotes from their speeches, interviews, and annual meetings. It’s an extraordinary manual to learn how to make better decisions in life, investing, and business.
- Spotlight: Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
- InvestorInsights: Interviews with experienced value investors, learners, and deep thinkers
- StockTalk: Thorough analysis of business models of companies (without any recommendations)
- Behaviouronomics: Deep analysis of human behaviour and how it impacts investment decision making
- BookWorm: Reviews of the best books on Value Investing and related subjects
- Free Course – Financial Statement Analysis for Smart People (otherwise priced at Rs 6,900)
- Archives: Instant access to our huge archive from the past three years