Mental Model: The Definition of Cognitive Dissonance

I recently came across on Twitter one of the most bizarre letters I have ever read. This one letter addressed to Warren Buffett on why this investor is no longer going to be an investor of the company is probably one of the most convoluted and bat-shit insane thing I have read in awhile. I’ll keep it short for you this weekend – just the letter.

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Inverting Chains of Habit

There’s a quip that Warren Buffett likes to throw around frequently which goes along the lines of:

The chains of habit are too light to be felt until they are too heavy to be broken.

What’s the first impression you got after reading that? That’s right: a negative impression. You most likely thought of the negative consequences of habit. Things like hookers, blow, needles, hooch, etc.

While it’s advisable to avoid these things in life, there is a whole other side of the equation of that nugget of wisdom that takes a little more effort to ferret out.

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My Biggest Takeaway from Warren Buffett

My Biggest Takeaway from Warren BuffettThe Snowball is the best and most comprehensive biography on Warren Buffett. Roger Lowenstein’s Buffett: The Making of an American Capitalist is good, but does not compare in the depth and breadth of Alice Schroeder’s work. Of course, how could it? Schroeder, unlike Lowenstein, was given an all-access card by Buffett himself with free reign to him, his friends and family, and his personal records. If you have any interest in Buffett, you need to read The Snowball. If anything else, it’s an interesting biography on an interesting human being. With that being said, my biggest takeaway from The Snowball wasn’t some investment advice or deeper understanding of Buffett’s investing style. No, my greatest takeaway was the supreme importance of understanding what is truly important in your life.

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An In-Depth Interview of Alice Schroeder, Author of The Snowball

I recently came across an excellent in-depth interview of The Snowball by Alice Schroeder. For those of you who need a quick refresher, The Snowball is “the” biography of Warren Buffett. It is an amazingly detailed, meticulously researched, and solidly written book that gives an intimate glimpse into the personal and professional life of Warren Buffett. I once made the mistake of giving it as a gift to a friend who had not interest in business and he didn’t make it past 20 pages. However, if you enjoyed The Snowball and appreciate all things Buffett and Berkshire Hathaway, you’ll love this interview. Here are a few curated excerpts of my favourite parts of the interview (as the full interview is extremely long – apparently snippets of my favourite parts has turned out pretty long too). Read the full interview here.

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