Buy Your Kids Johnson & Johnson Stock For Christmas

On page 175 of Janet Lowe’s book, Damn Right! Behind The Scenes With Berkshire Hathaway Billionaire Charlie Munger, Ms. Lowe quotes Charlie as saying:

“People underrate the importance of a few simple big ideas. And I think to the extent that Berkshire Hathaway is a didactic enterprise teaching the right systems of thought, the chief lesson is that a few big ideas really work. I think these filters of ours have worked pretty well—because they are so simple.”

It’s Christmas time, and that’s as good a reason as any to engage in big-picture contemplative thinking about life. For a moment, let’s break down everything we do with our life into decision trees (Christmas  tree edition).

Most of us, even we aren’t particularly materialistic about cars, houses,  or clothing, recognize the use of money for the experiences that they are capable of creating. Super Bowl tickets. Hikes across Europe. Chilling … Read the rest of this article!