Lights Out

Charlie Munger's Interview with Todd Combs

The Knowledge Project, 6 October 2026. The book comes up at 18 min 1 sec in.

Charlie Munger, in conversation with Todd Combs, recommends Lights Out as a chronicle of GE's decline. He grounds the recommendation in his personal knowledge of Jack Welch—whom he describes as intelligent and competitive but ultimately dishonest about what had been accomplished—and says the book ought to be required reading in every business school. He urges anyone who has not yet read it to buy it.

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