Welcome to the A16Z podcast. I'm Michael Copeland. Today, Sonal and I host Tren Griffin,

who, among other things, works at Microsoft and writes a lot about decision-making and the

psychology of human judgment, especially as it applies to investing and risk.

Griffin has a new book out, and the title is Charlie Munger, The Complete Investor.

In this episode of the pod, we discuss how all of us, not just investors, can channel our

inner munger, how the best investors and business leaders spend more time on what they don't

know and why the best way to be smart is to not be stupid.

Welcome, Trent. Today on the pod, we have a couple of questions for you because we're a huge

fan of your work and we see that you have a new book out called Charlie Munger, the complete

investor. What we wanted to start off talking about is actually not your

book, but the way I came across your work is that you write a very popular series of posts on your

blog, and among them is a series of 12 things you learned from different folks, and a lot of them

are investors.

And so my first question is why you're focusing on investors so much?

Well, for me, it goes back to the Buffett idea that business fundamentally makes you a better investor

and having an investing mindset makes you better at

business and so there there was that and then also I needed something to write about

which didn't intersect completely with my work here because I don't want to be in a

situation where I can't write freely about topics because

of where I work. So what I did was I chose investing as a place where I could basically express

myself and get ideas that I have out and get feedback on those ideas. So fundamentally,

those two things sort of push me in that direction.

...