"All I want to know is where I'm going to die, so I'll never go there." Charlie Munger If there were only one concept that Charlie Munger were known for (as if that were possible) it is perhaps his concept of inversion - solving problems backwards by identifying and avoiding what would cause failure. If you excuse the crudeness, his abovementioned quote is a major example of this concept of inversion. How do you live? It is not possible to identify and/or prescribe to anoth

Whilst much of life is about people and networking, how you handle people is as important as what you say to them, if not more important. Meeting acquaintances and persuading them to do something for you is different from asking the same of loved ones. How to Manage Business Colleagues? It would be easy to presume that, because one is dealing with or flushed with money, it would be easy to instruct or command a subordinate to do something. Yet, hierarchy is only one element

There is a misconception that you have to read voraciously and hungrily forever to get to the stage where you are able to be an investor. Who has the time? Who has the willingness to devote all their downtime to a second job? A Masters of Business Administration (MBA) for example, suggest that 2 whole years need to be dedicated to learning about business, before one is able to even start to do well in the same. This is notwithstanding that adults have to continue to feed the

"Relationships are another thing that compound, becoming stronger over time if we keep investing in win-win dynamics. Imagine a network of nodes that connect to each other at random. The likelihood of any given node receiving an additional connection is proportional to the number of connections it already has. Through randomness, a small number of nodes will end up receiving most of the connections—a phenomenon called preferential attachment. Preferential attachment is a type

Everyday in the news we hear about the rise and rise of artificial intelligence - is a powerful computer or AI subscription all that we need nowadays to get rich? Historical Data Peter Bevelin had argued that as human beings, we would be wrong to rely exclusively on the reasonings and thinkings of a computer. In the infamous pre-2000 chess matchups between Gary Kasparov and the artificial intelligence, Deep Blue, it appeared that man may have had met its match in the game of

The superior man does not waste himself on what is distant, on what is absent. He stands in the here and now, in the real situation. - Confucius Often we tend to emphasize the destination so much that we miss the journey. Stay in the present and enjoy life today. Blaise Pascal wrote: Let each of us examine his thoughts; he will find them wholly concerned with the past or the future. We almost never think of the present, and if we do think of it, it is only to see what light i