Inversion, Sales versus Marketing, Fractal 80/20, Superforecasting And More

By Jesse Koltes, TheCharlieton.com

Any year that passes in which you don’t destroy one of your best loved ideas is a wasted year.

 

— Charlie Munger

[munger]

I ordered 55 books for myself in 2016, and downloaded 18 audiobooks. I didn’t read every word in every book—not by a long shot. I read some books three times.

I approach a new book like a new dish at a restaurant. I’m curious and cautious at first, but if its delicious, I consume the whole thing with gusto. If the dish is bad after a few bites, it’s probably not going to get better, and I allow myself skip around and look for...