Episode · a16z Podcast · 2019-01-02
Books mentioned on a16z Podcast | The Best Way To Be Smart ... Is To Not Be Stupid
Michael Copeland discussed Charlie Munger by Tren Griffin. Tren Griffin discussed The Warren Buffett Way by Robert G. Hagstrom and Thinking, Fast and Slow by Daniel Kahneman.
Books mentioned, in the order they came up
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Charlie Munger
Charlie Munger by Tren Griffin is a comprehensive investment guide and biographical exploration that details the mental models and decision-making frameworks utilized by the legendary billionaire investor.
Discussed“and and how does that play into the new book that you've recently written about Charlie Munger as the complete investor”
Where to get it
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The Warren Buffett Way
The Warren Buffett Way by Robert G.
Discussed“there's a book actually by Hagstrom where he actually would that was the original title and you know basically to be a good investor you really need to know a lot about a lot in this whole metal mental models concept”
Where to get it
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Thinking, Fast and Slow
Thinking, Fast and Slow by Daniel Kahneman is a seminal exploration of behavioral psychology that details the dual systems governing human thought: the fast, intuitive system and the slow, logical one.
Discussed“that's where you know it's difficult because we've got Kahneman who's an amazing guy who's for a decade studying behavioral economics and he says flat-out he still falls for the same problems when it when it came to writing Thinking Fast and Slow he was overconfident about how long it would take to finish it”
Where to get it
Other mentions in this episode (4) — ad reads, self-promotion and passing references, never counted
Plugged Charlie Munger
“Griffin has a new book out and the title is Charlie Munger the complete investor in this episode of the pod we discuss how all of us not just investors can channel our inner Munger how the best investors and business leaders spend more time on what they don't know and why the best way to be smart is to”
Plugged Charlie Munger
“and then the key thing above and go back to the Munger book is that mongers a real believer in investing is the last liberal art the there's a book actually by Hagstrom where he actually would that was the original title and you know basically to be a good investor”
Plugged Charlie Munger
“this is why he called I love the cover of my book because he calls himself basically a book with legs sticking out or as children do and the important thing there is read widely and understand a lot about a lot at a lot of different disciplines”
Plugged Charlie Munger
“it's a test with a book if you can't read my book if you can't get through it you should be buying a diversified portfolio of index funds and so this is in some sense is sort of a litmus test which is if the chapter on moats bores you you're not gonna be a good investor”