Munger was the guy who kept Buffet at least somewhat grounded. It's relevant because it's true.
Or Peter Thiel. Or Larry Ellison. Or Jack Dorsey. Musk is just the most relevant example.
We've taken the mahogany-and-tweed businessmen who realized that at some level they had a responsibility to not be _complete_ assholes to the society and systems that created them, and replaced them with business cult figures.
Would Munger and Buffet make layoffs despite having billions? Sure. But they actually _believed_ in the system and would work to protect it in a way that protected their interests as well as the interests of others. See how BH handled Goldman Sachs vs. how Peter Thiel handled SVB, or how Musk handled the takeover of Twitter.
How was buffet ungrounded? If anything he was too conservative and his real estate still has predatory loans. The recent gains from BH are due to new management to the tech industry from other managers.
in his early days, Buffett made is money by buying "cigar butts", the analogy being that you can pull a cigar out of the ashtray for free and get one more puff.
These were trash companies that Buffett could wring for one more dollar before they inevitably expired. The problem was that it didn't scale. Munger revolutioned Buffetts method by essentially teaching him to buy great companies are fair prices rather than fair companies at great prices.
Or Peter Thiel. Or Larry Ellison. Or Jack Dorsey. Musk is just the most relevant example.
We've taken the mahogany-and-tweed businessmen who realized that at some level they had a responsibility to not be _complete_ assholes to the society and systems that created them, and replaced them with business cult figures.
Would Munger and Buffet make layoffs despite having billions? Sure. But they actually _believed_ in the system and would work to protect it in a way that protected their interests as well as the interests of others. See how BH handled Goldman Sachs vs. how Peter Thiel handled SVB, or how Musk handled the takeover of Twitter.