Part 4 of 19 in The Patient Owner: Charlie Munger’s Ideas, as Rakesh Jhunjhunwala Might Have Taught Them to an Indian Investor← Part 3Part 5 →
The chapters of The Patient Owner, an imagined dialogue on Charlie Munger’s ideas as Rakesh Jhunjhunwala might have taught them to an Indian investor. Each chapter stands on its own, and read in order they form one book.
- Restraint as a key investment lesson is introduced.
- Worldly wisdom and essential models are discussed.
- First principles in investment are highlighted.
- The circle of competence and its advantages are explained.
- Inversion as a strategic approach is presented.
1. The empty chair — restraint as the first Indian lesson.
2. Elementary worldly wisdom, with the windows open — the handful of models that carry the freight.
3. First principles, not a formula — what he actually taught across the table.
4. The circle of competence, and the doctor’s edge.
5. Invert, always invert — obituaries before theses.
6. Incentives, promoters, and the bikini balance sheet.
7. Buy right, sit tight — Titan as a process, not a miracle.
8. An Indian case file — anatomies, a scare, and three autopsies.
9. The psychology of the Indian investor — twelve tendencies and one lollapalooza.
10. Margin of safety, when the story is India itself.
11. Opportunity cost, concentration, and the angel’s temptation.
12. If the Big Bull had lived to meet the machine.
13. A checklist, because memory is a biased analyst.
14. What we leave the next table.
15. Sources and further reading.
Frequently asked questions
What is the main focus of 'The Patient Owner' series?
The series focuses on investment principles and strategies inspired by Charlie Munger and applied by Rakesh Jhunjhunwala.
What topics are covered in the contents of this series?
The contents cover investment restraint, worldly wisdom, first principles, circle of competence, inversion, incentives, long-term strategies, case studies, investor psychology, margin of safety, opportunity cost, technology, checklists, and future considerations.
Who are Charlie Munger and Rakesh Jhunjhunwala?
Charlie Munger is an American investor and vice chairman of Berkshire Hathaway. Rakesh Jhunjhunwala was an Indian investor known as the 'Big Bull' of Indian markets.