What are your thoughts?
Considering starting it soon and wanna hear y'all's reviews :)
Bertrum's Almanack was a series of live-action comedy shorts, apparently somehow an ad campaign for the Sony PSP, from 2007. The link (here) is to an article describing it. It featured someone in a crazy mole man costume playing foul-mouthed, cantankerous Bertrum, and it was hilarious. One video I remember has him writing a letter to the editor to complain about bathroom wall art in a hardware store, which he noticed while he was taking a dump.
I've unsuccessfully searched for this for over a decade. I actually even tried to contact Adult Swim, and they did not respond. The web pages for it are on the wayback machine, but none of the videos were saved.
And yes, I want to find this bad enough that I finally graduated from lurker with my first post!
https://preview.redd.it/0fd9200er7u61.jpg?width=424&format=pjpg&auto=webp&s=9a932d21c798d40f59b696bce581b426e4f6d386
(Sorry for the inconvenience as this is not a news on Berkshire but as it is Berkshire related, and I’m pretty sure you guys are passionate as I am with Warren, Charlie and Berkshire, I’m posting my question here) I’m living in Europe, and I’m searching a website on which I can buy Poor Charlie’s Almanack (third edition brand new)... I’ve seen reseller on Ebay and Amazon but the prices are crazy and nothing is official. Is it still possible to buy the book from the official reseller ? Thank you. Wishing you all great holidays.
Here's the 3 main points I started with:
-
There is a repeatable way to generate wealth and ANYONE can do it
-
Personal health / fitness is 's #1 priority
-
Happiness is a skill that can be learned
Generating Wealth
1. Naval states that the #1 rule to building wealth is to own equity in a company.
When was the last time you heard of anyone building wealth by working for someone else? Ok, maybe Google & FB engineers could argue this, but as a general rule of thumb, it's fairly widespread that you need to own a business OR at least, buy equity in a business to generate long term wealth.
2. The wealthiest people use leverage to scale equity in companies.
What does "leverage" mean exactly?
Some quick forms of leverage are code, capital, people, & media. Code is the obvious one. If you're a software engineer & write code that can solve one problem and be applied to different industries - you've got a scaleable gold mine. But some other ways are using capital, your network, & media.
"If you can't code, write books and blogs, record videos and podcasts."- @naval
I expand on Naval's concept of "leverage" in the full post
Health / Fitness
Physical health is @naval's #1 priority. He states that this is more important than mental health, relationships, work, & family on his priorities list. He claims that if he first takes care of his body, then every other area of his life will prosper because of his prioritization.
Naval does some form of exercise every morning before starting his work day. He's identified physical health is the most important thing that he can do to be the best version of himself in all other areas of his life. I wasn't able to decipher Naval's exact morning routine per se, but from what I gathered Naval starts his morning workout after a 60 minute morning meditation sit and then completes his workout before starting his work for the day.
"I do not start my day until I've worked out. I don't care if the world is imploding and melting down, it can wait another 30 minutes until I'm done working out."- @naval
Happiness
Naval argues that happiness is a skill that can be learned. He states that happiness is what's there when you remove the sense that something is missing in your life.
He explains th
... keep reading on reddit ➡Hi BettermentBookClub,
Long time, I haven't posted a summary. It's just that my last reads were not so great. But, I've recently discovered Naval Ravikant. He is an Indian-American entrepreneur and investor. And I have enjoyed his philosophy.
I've first listened to his podcast, "How to Get Rich.» It's a giant format of three hours regrouping many of his previous episodes.
I've started with a mindset of let's try and see. Three hours looks too long for me.
But I could not stop.
I was caught by the content, the numbers of ideas, the deep reflection, and Naval's direct style.
So I bought his book. Not really his book, but the book that has been created on his ideas. A type of summary of what he has shared on Twitter and his podcast.
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
The book is divided into three parts.
- Wealth. It's a summary of the giant podcast. It was beneficial to read it. There are so many ideas.
- Happiness
- Naval's recommendation: books, blogs, influence...
Wealth:
>"So, my definition of wealth is much more businesses and assets that can earn while you sleep."
- Specific knowledge:
- It reminds me the concept of skill stacking of Adams Scott. The idea is to develop your expertise in few areas you are talented and interested in. The combination of these skills is what makes you unique on the market. The more those skills are complex to learn, are gained by experience, reflections, and self-learning, the more valuable they are.
>"Specific knowledge cannot be taught, but it can be learned."
>
>"When I talk about specific knowledge, I mean figure out what you were doing as a kid or teenager almost effortlessly."
Listening and trying to convince on my ideas is something I do since I'm young. My parents struggled to say no to some of my requests as I constructed and built very coherent arguments. So I feel that persuasion and communication are things I love to do since I'm young.
>Arm yourself with specific knowledge, accountability, and leverage.
>
>Specific knowledge is knowledge you cannot be trained for. If society can train you, it can train someone else and replace you. ↓ Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
The specific knowledge of Naval :
>*I have some sales skills, which is a form of specific knowledge. I have some analytical skills on how to make money. And I h
... keep reading on reddit ➡Even though Punch is long out of print, perhaps someone can help me. What was the purpose of these special issues? Was just one issued per year, or two? I am trying to properly understand the source of a cartoon I am interested in. You can read about my interest in my blog post: https://internationalgeophysicalyear.blogspot.com/2020/11/sleuthing-out-punch-magazines-igy.html
Naval's wisdom is liked by a number of people. There's now a book that collects his wisdom from his tweets, podcasts, and essays. Its e-book is available for free.
Charles Thomas Munger is an investor, business, real estate attorney & philanthropist.
He is the vice-chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett, who has described him as his investing partner.
In his book, “Poor Charlie’s Almanack” he shares his experience and wisdom for stock market investors:
Starting with the don’ts:
When amateurs play tennis, they win because of shooting the fewest shots in the net & missing the least, rather than fast or skilled shots. Charlie always believes in trying not to be stupid consistently, staying within one’s circle of competence & having an informational edge.
The best way to invest using this approach is to choose what stocks to avoid.
Charlie & Warren did not invest in technology companies. Thus, they did miss out on a lot of opportunities, but they sailed through economic recessions & made lesser mistakes during the dot com era.
Lollapalooza:
Charlie is known for coining the term “Lollapalooza Effect” which symbolizes extraordinary outcomes. A Lollapalooza effect happens when the outcome is bigger than the sum of its counterparts.
One positive effect enhances the power of the next one.
Coca-Cola, as it had a great product, powerful stimulants, clever marketing, availability & social proofing was able to achieve a lollapalooza.
Learning from other’s mistakes:
Charlie believes that not learning from other people’s mistakes & focusing totally on learning from your own is a recipe for great misery.
Becoming an all-rounder:
Investing & analyzing a company’s future prospects is a form of problem-solving, that requires multi-disciplinary approach companies are often like complicated organisms, with aspects that will affect the company’s future cash flow.
To be a successful investor, you will require many tools that are readily available.
Just as multiple factors shape almost every system, multiple models from a variety of disciplines, applied with fluency are needed to understand that system.
Charlies’ Investing Checklist:
Charlie says that no wise pilot, no matter his talent & experience, fails to use his checklist.
Here are the elements of his checklist:
Risk:
Use a margin of safety, and more risk = additional compensation. Avoid big mistakes.
Independence:
Think for yourself. The correctness of your analysis does not depend on people’s opinions & vice-ver
... keep reading on reddit ➡
I’m living in Europe, and I’m searching a website on which I can buy Poor Charlie’s Almanack (third edition brand new)... I’ve seen reseller on Ebay and Amazon but the prices are crazy and nothing is official. Is it still possible to buy the book from the official reseller ? Thank you. Wishing you all great holidays.
I’m living in Europe, and I’m searching a website on which I can buy Poor Charlie’s Almanack (third edition brand new)... I’ve seen reseller on Ebay and Amazon but the prices are crazy and nothing is official. Is it still possible to buy the book from the official reseller ? Thank you. Wishing you all great holidays.
