Product description
Book of the live sales champion of Poksha shareholders' meetings over the years, each with one book
Buffett has been emphasizing to people half a century that Monge's influence on him is irreplaceable:
"He used the power of his mind to evolve from an orangutan to a human, otherwise I would be much poorer than I am now."
This book brings together Charlie. The best speeches, proverbs and thoughts in Mongers life
"The Common Knowledge of Poor Charlie" includes the main public speeches of Charlie Monger over the past 20 years the first time. The 11 speeches in the book fully demonstrate the intelligence of this legendary figure. In addition, the chapter "Mongism" contains his sharp and humorous comments. Throughout the book is the intelligence and wit shown by Monge, his compelling values and unfathomable rhetorical talent. He possesses encyclopedic knowledge, so he can read out the famous quotes of these people from ancient orators to European writers in the 18th and 19th centuries to contemporary pop culture idols, and uses these to emphasize the benefits of lifelong learning and maintaining the desire knowledge.
This book fully, detailed and authoritatively disclosed the life wisdom shared by Charlie Monger, an investment master who has always "lived in lowkey" to Harvard, Stand, University of Calinia, Charity Roundtable, etc., including:
Human misjudgment psychology
Why do smart people make mistakes The answer is: people tend to accumulate a large number of rigid conclusions and attitudes, and do not review frequently, and are even more reluctant to make changes. Monge personally explained 25 psychological tendencies of human misjudgment.
Draw your circle of competence
You must figure out what skills you have. If you want to play games where others play well but know nothing about yourself, then you are doomed to fail. You must recognize your own advantages and compete only in your circle of competence.
How to make your life miserable
As long as you understand jealousy, resentment, impermanence, depression, objectivity, and not learning from other people's experience, you can easily have a miserable life.
The diverse application of common knowledge
In the eyes of people holding the hammer in their hands, the world is like a nail. Most people try to solve all problems with a thinking model, and their thinking often comes from only a certain professional discipline; but you must know "important theories of various important disciplines" in order to understand the nature of the problem.
98% of the time, our attitude towards the stock market is: keep it agnostic. Making money depends on remembering the obvious, not mastering the profound. Pokshay only looks rtunities that can make money without using his brain.
Wait a good ball patiently
As long as you take patience, discipline and objectivity as your guiding principles, you can invest 90% of your wealth in a great compa. There is no need frequent trading, just a few decisions can create investment wealth. This characteristic of Monger completely changed Buffett's investment strategy.