Charlie Munger

• RUL3 - Invert, always invert

• 2-1a6 ‘Incentives’ - Incentives drive (almost) everything. Understand your incentives.

• 8-1c5 Look for Lollapalooza, or system equivalent of critical mass, or chemical equivalent of activation energy, alloying, and catalysts

• “The world is not driven by greed, it’s driven by envy”

  • relate with relativity note and social media notesrevisit

Seeking Wisdom from Darwin to Munger – Peter Bevelin

Introduction

• learn from mistakes (preferably from that of others)
  • 1-2f1a Error-correction is the beginning of infinity. All jumps to universality occur in digital systems.
  • 6-3b2d1 Don’t reinvent the wheel. Copy and paste. Save keystrokes.
• RUL3 - Invert, always invert
• darwin was able to outthink others because he developed certain thinking habits
  • 3-1d6 Constraints in the form of consistent style leave space for creativity and progress
    • 5-1b4c1b You can easily replace the self-discipline with the four laws of habit formation - (1) make it obvious, (2) make it attractive, (3) make it easy, and (4) make it satisfying
• “I think it’s a huge mistake not to absorb elementary worldly wisdom if you’re capable of doing it because it makes you better able to serve others, it makes you better able to serve yourself and it makes life more fun… I’m passionate about wisdom. I’m passionate about accuracy and some kinds of curiosity.” (p. 15)
  • 1-1a5b4.5 Truth is about correspondence with reality

Part One: What Influences Our Thinking?

• If you attempted to count the number of connections, one per second, in the mantle of our brain (the cerebral cortex), you would finish counting 32 million years later. But that is not the whole story. The way the brain is connected — its neuroanatomical pattern — is enormously intricate. Within this anatomy a remarkable set of dynamic events take place in hundredths of a second and the number of levels controlling these events, from molecules to behaviour, is quite large. Since it is the connections between neurons that cause our mental capacities, it is not the number of cells that is important but the number of potential connections between them. (pp. 20-21)
  • The more is different.revisit
  • In connecting ideas, each connection might be corresponded by corresponding electrical impulse (3-1c2e1 Connecting-relating ideas is a way of creating knowledge).revisit
• What we think and feel depends on chemical reactions. And these chemical reactions are a function of how our neurons connect. (p. 22)
  • And these connections are not pre-configured.

Other resources

• Munger (founders recollection episode from 20231130)
  • Problems are inescapable, leads to wisdom is prevention, leads to go for great (e.g., people and businesses), leads to patience and temperament (5~8m)
    • it’s all connected
    • relate with Popper and Deutsch
  • Study Jim SinegalTODO
  • If you like it you won’t quit (15m)
  • Keep it simple. People love over-complication.
  • Study Ben Franklin and Lee Kuan YewTODO
  • Ben Franklin went great with Washington
  • They just kept learning as they went course correcting (22m)
  • If you have the money, give it away to kids, otherwise they will hate you for it (25m)