Writing · Mindset / Mental Models / Decision Making

2024-07-13
This is Classic Charlie Munger speaking, no surprise there are so few like him. This is a great book by the way. “Decades earlier, he explained, when he had made his first million dollars, he didn’t spend a penny, but instead reinvested every dime while he continued to live off his average annual salary. Things hadn’t changed too much. He told us that, up until the last few years, he had flown to each Costco board meeting economy on Alaska Airlines, despite the fact that Berkshire owned not just one, but a fleet of thousands of private jets via their ownership of NetJets. When I commented on his green shirt in passing, saying how I liked it, he lit up with excitement, then, gesturing to his shirt, remarked, “I’ve been getting these flannel shirts from L.L. Bean for years. But the last time I checked, they were at $ 59.95 each! I decided to compare prices at Costco and found a nice flannel shirt for $ 49.99. My nephew then showed me AliExpress, we compared prices, and found that you can get two packs of flannel shirts for only $ 34.99!” (We later learned that the massive gold watch he was wearing was actually not gold at all, but a $ 30 “special” he had proudly found online.)” — Never Enough: From Barista to Billionaire by Andrew Wilkinson https://a.co/h1lIX3j
Mindset / Mental Models / Decision MakingBook / Reading / Learning

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