In this series we’re distilling few ideas from Peter Bevelin’s book — All I Want to Know Know is Where I’m Going to Die, So I’ll Never Go There. A mouthful of a title, isn’t it? But if you’re familiar with Charlie Munger, you’d instantly recognize the title as Munger’s favourite saying. Hidden inside this wisecrack is a profound philosophy on how to make important decisions in life and business to ensure better outcomes.
What has been reinforced in writing this memo, writes Bevelin in the introduction, “is efficiency, simplicity, clarity and common sense or judgement that are the hallmarks of Buffett and Munger. Both have remarkable ability to eliminate folly, simplify things and boil down issues to their essence and get right to the point — and focus on simple and timeless truths. They are the Einsteins of business and wisdom. So if there is one goal of this book, it is simplicity and to better understand how they think.”
[Read more…] about Special Report: 27 Ideas on What Doesn’t Work — Part Three