Special Report: 27 Ideas on What Doesn’t Work — Part Two

Inspired by Charlie Munger’s super quote — All I want to know is where I’m going to die so I’ll never go there — Peter Bevelin wrote a book with the same title. Bevelin’s book distills the wisdom from Charlie Munger and Warren Buffett’s quotes from their speeches, interviews, and annual meetings. The book is an extraordinary compendium to learn how to make better decisions in life, investing, and business.

In this multi-part series, I am going to share some insights from this book. These ideas would be focused on identifying anti-patterns — things that one should do to increase the odds of undesired outcomes. Learning the anti-patterns is a more robust form of knowledge acquisition than focusing on success patterns. Anti-patterns are those patterns which consistently lead to poor outcomes and thus need to be avoided.

These ideas are like cautionary tales. Following these anti-patterns gives one a head start on the path to failure — which of course no one wants. That’s another way of saying that if one avoids these anti-patterns, then it increases the likelihood of living a highly satisfying life.

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