What if you tried to design the worst possible advice industry on purpose? Pete Worn and Danni Le Grande run Charlie Munger’s inversion trick over Australian advice, working through the six rules from Pete’s latest Code & Capital:
- Make sure nobody agrees who the customer is
- Insert as many ticket-clippers as the law allows
- Regulate the supply until it collapses
- Make the living pay for the dead
- Appoint a dozen umpires who don’t agree
- Demand Ferrari software at Datsun prices
The catch? Every rule is real, and none of it was built by a villain. We close on the only move left – subtraction – and what advice firms can actually take away to get better.