I would like to thank my good friend Peter Phan for sharing this excellent talk. Peter Kaufman is a successful entrepreneur who has studied and learnt Charlie Munger’s method of using the “big ideas” from various fields to solve real life problems. I found this speech to be very illustrative of the multidisciplinary approach. Sometimes when Charlie talks about this, it can be quite hard to understand as he doesn’t always give real life examples.
Although the talk is a bit long at 45 minutes it is jam packed with wisdom not only about investing but how to live a happy life, so it’s well worth listening to.