Legendary investor Charlie Munger loved 'The Rebel Allocator' so much he called the author and encouraged him to make it a movie. Here are the book's 3 key takeaways.
," an investing podcast. "You pick up the phone and on the other end is Charlie's voice, and, it's like, almost kind of the voice of God in a way."Exaggerations aside, Taylor was in awe of the investment legend. Especially when Munger praised Taylor's book: ""His biggest thing that he wanted to tell me, was encourage me to get the book made into a movie," he said. "I haven't made a ton of progress yet on that.
Taylor's book is designed to teach timeless business lessons to readers through a fictional mentor/mentee relationship. "I did try to make as much of it obsolescence-proof as I could," he said. "The lessons are very generalized. It's more trying to teach you how to think about the problem and frame the problem correctly." "When I say capital allocation, at the end of the day it's what you spend your money on inside your business," he said. "Everybody that works in a business or does anything is doing capital allocation at all times.
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