Investment finance, as taught by business schools, is a study of sophistication and precision applied to guesswork. 

Munger's Thoughts At Age 99

Charlie Munger, age 99, still sharing his wisdom, humor, and mistakes.  Notable Munger line from the Daily Journal ($DJCO) shareholder meeting - dumb is forever. 

Feelings vs. Action.

Feelings don’t move the world forward. Action does. 

China and COVID

China realized that running the economy is more important than avoiding all COVID deaths because eventually more people might die because of a bad economy. 


Illogic in others can be used logically. 

Blockchain and Crypto

Eventually, something widely useful will come out of blockchain and crypto technologies. 

Fiction vs. Reality Part Deux

It used to be that fiction was more important to the peace in society than the reality.