Poor Charlie's Almanack has truly thoughtful advice on its back cover.

Feynman, Bezos, and Michelangelo are evidence that applying it really works.

Thread breaking down Munger's insight: There is no miracle people.
No one comes to the world with extraordinary abilities or knowledge.

Great things take time, just like a tree takes decades to grow.

Rushing is pointless.
And those mocking newcomers still have a long way to go.

If you want to learn Economics, don't enroll in any course.
Just read this book.

I'm not kidding.
It will seriously teach you more than anything else can.

Thread: Adam Smith was the father of modern Economics.

He's the person who first put this beautifully infinite field into a cohesive framework of ideas.

You'll get a really complete education out of only reading this book.

"I largely blame The Selfish Gene for a series of bouts of depression I suffered from for more than a decade"

"Others have asked me how can I bear to get up in the mornings"

Thread breaking down this rather disturbing book: The Selfish Gene came to improve upon Darwinism, but at a huge cost.
It could easily be seen as making the case for nihilism.

I still found it fascinating, so I'll go over its core idea and implications.
But read at your own risk.

(Friendly guy)

My obsession over reading started in July 2020.
4.5 years later it's just gotten worse.

Long thread about why I insist so much upon it: There's a simple way up in most societal hierarchies:
Become a learning machine.

If you go to bed every day a little bit wiser than you woke up, it's crazy how much more helpful you'll be to the world.

It'll take time, but it is certain, and you'll be rewarded for it.

"When you find a genius, give them all power."
I've been obsessed with this idea for 12 months now.

I learned it from Munger but then saw all successful people apply it.
From Steve Jobs to Robert Oppenheimer.

Thread: Truly gifted, high-integrity, people are rare.

When you find a person like this, you want to do 2 things:
-Partner with them.
-Get out of their way.

This seems obvious, but few people do it.

Lee Kuan Yew was one of the most extraordinary leaders in history.

He turned a tiny island into a modern civilized powerhouse, in the face of all the troubles you can imagine.

Thread with how Lee Kuan Yew took Singapore from third world to first: Lee Kuan Yew's genius was in systematically picking the correct system to fix huge societal issues.

Singapore's GDP per capita increased from $500 in 1965 to $83,000 in 2023.

We'll go over how he laid the foundations for such a crazy outcome.

I thought I was crazy until I found Richard Feynman.

Feynman was not only among the most brilliant people on earth, but he transmitted something I've never seen in others.

Thread with some lessons from his peculiar way of being: While reading and thinking, there were moments when I felt I was having actual fun.

But I doubted myself: "How could I be having fun doing this? Maybe I don't understand fun."

It was not until I saw the joy Feynman transmitted that I understood this profound emotion.

There is an incredibly peculiar idea that I've seen everywhere:
Attractor States.

It's in economics, biology, physics, statistics.

Long thread breaking it down: The first time this idea hit me from an unexpected place was in physics.

If you leave a system by itself, it will tend towards the state of minimum energy and maximum entropy.

In a bowl, balls sink to the middle.

I always felt academia was wrong, but couldn't see how.
Then I read this book.

Charlie Munger found the correct approach to knowledge:
Worldly Wisdom.

Thread breaking down this unpopular but right idea: This is a dangerous approach to acquiring wisdom.

Your friends will say you are wasting your time, others will call you crazy, and professionals will despise you for getting into their territory.

To them, Charlie's message:

Lee Kuan Yew was the most extraordinary nation-builder in history.

He turned "a malarial swamp into a modern civilized powerhouse"

This is the full story of how LKY took Singapore from third world to first: Lee Kuan Yew's genius was in systematically picking the correct system for fixing huge societal issues.

Singapore's GDP per capita increased from $500 in 1965 to $83,000 in 2023.

We'll go over how he laid the foundations for such a crazy outcome, starting at the beginning.

Guns, Germs, and Steel is Sapiens^2.

While Sapiens goes for the 'What', Guns, Germs, and Steel answers the much more tougher question: 'Why?'

Full breakdown: Jared Diamond went to New Guinea in the 70s to study birds.

One day, he was walking along a beach and Yali, a local politician, happened to be there.

They decided to walk together and Yali started quizzing Jared..

The most complex systems are rooted in deep simplicity.

This pattern is seen across physics, biology, and chemistry.

Thread breaking down this astounding book and idea: After religion started losing the spot as the main explanatory agent, science hopped on a peculiar path.

Information was stored more rigorously and, suddenly, we were in a huge mess.

There was isolated knowledge everywhere.
True chaos.

This book has incredibly profound insights.

Thread with some extracts that could change your life: When all paths go somewhere, there may be something there.

Learning accounting is incredibly troublesome.

No course teaches it well and 99% of books miss the point.

Long thread on why this short book will finally help you understand accounting: The first test most sources fail is in admitting the limitations of accounting.

It is not a science and shouldn't be treated as such.

Joe and Karen straight up recognize this, benefiting all readers.

Warren Buffett's letters are the best source to learn about investing.

Here are some examples showing why:

1. The myth of value vs growth investing. 2. How an industry may lose attractiveness.

In 1989, Buffett shared the mistakes he had made over the 25 previous years.

Here they are: 1. Buying Berkshire.

Guns, Germs, and Steel is the most insightful history book I've read.

Here are some takeaways: The question that motivated Jared to write the book.

I'm finding unbelievable joy in Richard Feynman's book.

Here are some anecdotes and lessons from a brilliantly curious mind: "The prize is the pleasure of finding the thing out."

Nick Sleep is the most brilliant investor whose letters I've read.

Here are some of his incredible insights, shared in 2009: He quotes Darwin, who went against his peers and religious beliefs in pursuit of the truth.

"we recognize a few simple truths and we are conscious that our views, in the eyes of our peers, may not be very popular." Nick

I have read over 200 shareholder letters and research articles about investing.

Here are the ones that taught me the most: In this letter, Warren goes over his management philosophy and how his thinking process evolved, alongside some commentary on certain investments.

Warren Buffett, January 1965

Investing in the Unknown and Unknowable is the most profound essay I've read on investing.

It took me 4 months to put its thesis together. Let's go over it: "The essence of effective investment is to select assets that will fare well when future states of the world become known"

Finance theory has been trying to develop frameworks to better approach investing.