1/ Charlie Munger's second tweetstorm, but this time for new business school graduates. "We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?’"↗

1/ Graduating seniors deserve a Charlie Munger Tweetstorm with appropriate life advice to mark the occasion. "I want you to learn as much as you can vicariously. It’s too painful to do it by personal hardship. “You don't have to pee on an electric fence to learn not to do it”↗

Let's do this. 1/ Buffett: "Most people come to our meeting to hear Charlie. At 96 he is in fine shape. It didn't seem like a good idea to have him come to this meeting. Charlie is in fine shape and he will be back next year." Charlie is now doing video streaming meetings.↗

1/ "We have to have a business with some inherent characteristics that give it a durable competitive advantage." C. Munger "The key to investing is ... determining the competitive advantage of any given company and, above all, the durability of that advantage." W. Buffett↗

1/ "You can name people who are richer than Rich Barton, but you can’t name very many people who have his track record. You will find very few people in this country who have as many times created something from nothing.” Nick Hanauer. A chapter on Barton: …↗