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Notes to Myself

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Good Read/ Collection

Queen Elizabeth’s 70th Marriage Anniversary: Time Machine and Nostalgia

Queen Elizabeth (91) and Duke of Edinburgh (95) are completing 70 years of Married life. 👑👑🥂

Two awesome Photographs in the same pose with a time gap of 70 years!

When you watch such pictures and reflect, your notion of “meaning of life” would change a lot!

My grandmother married at the age of 20 and she lived till age of 82. So she spent first 20 years at her parents home and 62 years at her husband’s home.

However, she always referred to her parents home as “native place”. I would tease her on that topic and she would smile and say that you wouldn’t understand what it means to leave your home and settle for a new everything!

60-70 years is a long time and 60-70 years of “active and working life” is even longer! Just by sheer amount of experience and memories that person can offer so much to the younger generation.

This reminds me of the amazing contributions of two people I immensely like and look up to – Warren Buffett (age 88) and Charlie Munger (age 94) – who are still active and getting wiser every day! Long live both of them…

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Good Read: What’s Hard? And Other Thoughts

Fantastic Mr. Feynman turns 100

Today is the 100th birthday of the amazing physicist Richard Feynman [Born 11 May 1918/ Died – 15 February 1988]. A Nobel laureate in Physics, he made learning science fun and easy.

Here is a complete Archive of The Feynman Lectures on Physics

http://www.feynmanlectures.caltech.edu/

Also watch his 1983 interview to BBC TV “Physics Is Fun To Imagine”

 

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Seneca on The Shortness of Life

Read this before you sleep tonight, and think about this when you wake up tomorrow

(Source – Seneca on The Shortness of Life)

Good Read: The Dead Horse Theory

This is so true…!


The Dead Horse Theory

The tribal wisdom of the Dakota Indians, passed on from generation to generation, says that, “When you discover that you are riding a dead horse, the best strategy is to dismount”

However, in modern business, education and government, a whole range of far more advanced strategies are often employed, such as:

  1. Buying a stronger whip
  2. Changing riders
  3. Threatening the horse with termination
  4. Appointing a committee to study the horse
  5. Arranging to visit other countries to see how others ride the dead horses
  6. Lowering the standards so that dead horses can be included
  7. Re-classifying the dead horse as “living impaired”
  8. Hiring outside contractors to ride the dead horse
  9. Harnessing several dead horses together to increase the speed
  10. Providing additional funding and/or training to increase  the dead horse’s performance
  11. Doing a productivity study to see if lighter riders would improve the dead horse’s performance
  12. Declaring that as the dead horse does not have to be fed, it is less costly, carries lower overhead, and therefore contributes substantially more to the bottom line of the economy than do some other horses
  13. Re-writing the expected performance requirements for all horses
  14. Promoting the dead horse to a supervisory position of hiring another horse

Good Read: People Who Have “Too Many Interests” Are More Likely To Be Successful According To Research

Here is a very interesting article! You may have to register first, but it is worth doing so…just for this article!

People Who Have “Too Many Interests” Are More Likely To Be Successful According To Research

Good Read: Making the Jump from Millionaire to Billionaire, and How Long That Takes

Here is an intereting Infographic: Making the Jump from Millionaire to Billionaire, and How Long That Takes

Source: http://www.visualcapitalist.com/jump-millionaire-to-billionaire/

Some very good insights based on this…will write some other day.

Lost In Life?

#Infographics

Charlie Munger and Mental Models

Who are your idols? Who have had profound impact on your thinking? Who have contributed a lot in shaping up your personality, your philosophy? Who have inspired you and motivated you?

Every person would have some “idols” or influencers. That could be a single person or many people for various aspects/qualities. They could be your parents, family, friends or public figures (including “eminent dead”). How do you discover them? At what stage you “realize” that they have caused deep impact on you?

These are the questions that often fascinate me. Someone said to the effect” “Tell me what songs your youth sing and I’ll tell you future of your nation”. On similar lines I feel that one can get great insights about future by seeing who the society idolizes. If Kim Kardashian is the person you idolize, well, you are headed towards fast extinction.

And the person you idolize may change over the years, because you change and grow or the person changes and is no more relevant. The so-called “eternal” idols, or thoughts only mean that they sustain for longer period – maybe decades or even centuries.

So who are my idols – as of today? Well, I want to write about them  in detail, so won’t list all the names. But I’ll begin with the first one today.

His name is Charles T Munger, also known as “Charlie Munger” – the longtime partner of Warren Buffett and Berkshire Hathaway Vice-Chairman.

Warren Buffett is well known for his wealth and wit. But not everybody would know that one of the biggest influencers in Warren’s life is Charlie. Warren is very outspoken and you can find hundreds of interviews, books and articles on Warren. But there is not much material available about Charlie Munger. Or, it wasn’t until recently. There are four well-known books about Charlie Munger, and I possess and have read all of them.

CM_Books

There is another book I discovered recently, “On Success by Charlie Munger” which I am yet to read.

CM_On_Success.jpg

And then there are few interviews and speeches of Charlie on Youtube which I highly recommend. I will share some links at the end.

I “discovered” Charlie Munger very late in my life – when I was 31 years old. I knew Warran Buffett for few years before that and had read everything about him. I had also known Charlie as his partner, through speeches and Shareholder Letters of Buffett, but I had not “followed” Charlie much.

In general, Charlie was not very popular till 2000s (I maybe wrong on this. Maybe I am speaking only about India). But the more you read about him and listen to him, the more you crave for his worldly wisdom.

Charlie is 94 years old and still very active. Warren Buffett is 6 years younger – 88 and again, very active. The duo has now achieved a cult status (Warren had achieved it many decades ago) and people queue up whenever these two make a public appearance and talk.

What I like about Charlie and the reason I consider him as idol are two excellent qualities:

  • Charlie Munger is extremely well-read and has indulged in lifelong passion of accumulating knowledge and learning multidisciplinary skills. He quotes Confucius and Ben Franklin and Seneca and many others. To quote Charlie: “That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent deadwho had the right ideas, I think it will work better in life and work better in education”. He also quotes contemporary thinkers and even people who were born 30-40 years after him. So he has no qualms on giving credit to whom it is due. In fact, Charlie is like a window to many other great thinkers. I got to know about many other people through Charlie’s citations, examples, quotes and then pursued these people further. In nutshell. Charlie is like an “aggregator” of all good things, knowledge, wisdom etc. You follow him as the first step and then you can follow others
  • The second reason is that Charlie has also developed his own thinking over the years. He often talks about “Mental Models” – frameworks for thinking and decision making which he has developed or compiled over the decades, and he keeps on updating and improvising them. Mental Models is a unique contribution of Charlie Munger because of which many people in investing community now rate Charlie Munger above Warren Buffett (and I don’t think Buffett would mind that. He acknowledges that often)

 

Here is an excellent article/blog on compilation of Mental Models of Charlie Munger (113 models as of today).

Mental Models: The Best Way to Make Intelligent Decisions (113 Models Explained)

I also stumbled upon a document consisting of “The Best of Charlie Munger from 1994 to 2011”. Whoever has compiled it needs a big applause! Here is the 349 page document.

The-Best-of-Charlie-Munger-1994-2011

Lastly, I will end this post by sharing few Youtube videos which I particularly liked:

 

 

 

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