Monday, April 29, 2024

Poor Charlie's Almanack by Charles Munger

 Munger provides quite a bit of wisdom in this collection of talks. One really has to be smart to have great success and one has to know ALL the relevant factors. For example if you're a trick or two short you should know all the six or so standard methos, long suit establishment, finesses, throw-in plays, crossrulls, squeezes, and various ways of misleading the defense into making errors. Talk 7 shows why the accounting for stock options can lead to inflated estimates of company revenue.

Wednesday, April 24, 2024

The Other Brain by R. Douglas Fields

The neurons, which use electricity to communicate have been, until recently, the main focus of brain research. But only 15% of the cells in the brain are neurons. In 1990 researchers observed that the glia communicate chemically and are not just housekeeping cells. The author delineates the role of glia in helpful functions, diseases such as ALS and Parkinson's, and mental illnesses. It make the structure of the brain even more mind-boggling. 

Dark Matter of the Mind: The Culturally Articulated Unconscious by Daniel L. Everett

 This book is somewhat difficult to read but has valuable insights. Dark matter is what individuals build up through developing culture starting even in the womb but definitely at an early age. He presents a new theory of how culture, language, and the unconscious work together. "It is about how are unconscious is structured and infused with meaning by our individual experiences and social living."  He worked in the Amazon region and found tremendous cultural differences that caused him to change the direction of his life.