Throwback Thursday: Charlie Munger on Turning $2 Million into $2 Trillion
This is another post in our ongoing Throwback Thursdays Series, where we share blog posts from the past to bring you a ton of value and help you learn faster.
Today, I’m sharing one of my old posts with you: Turning $2 Million Into $2 Trillion – an amazing thought experiment by Charlie Munger on how to build the perfect business.
As value investors, it’s important to take time to think about things…
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Not just potential investments or ones we already own, but also how we’d grow our businesses, our incomes, and our futures as well.
This thought experiment will help you do all these things by helping you become a better thinker.
Let’s get to it…
The basis of this thought experiment Munger goes through how he would turn $2 million into $2 trillion based on his experience in business.
It talks about mental models, business models, competitive advantages, pricing power, and more.
Frankly, it’s amazing to see how he thinks about this. You can learn from this kind of thinking when evaluating a stock for investment or working to build your own business as well.
To read the entire article click the following link – Turning $2 Million into $2 Trillion via Mungerisms.
This article is so great that I try to re-read it at least once a year, and have done so every year for years now.
I’d love to hear your thoughts on this in the comments below.
In case you missed it, here’s a recent post where I explain the 8 Reasons I Won’t Invest in the $2 Trillion IPO of Saudi Aramco
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