David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
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David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
While a tad oversimplified, Charlie Munger’s famous one-liner is sort of like the Occam’s Razor of human behavior – especially at scale. People are generally far more driven by self-interest than by any other factor.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
sari added
Charlie Munger says the first rule of compounding is to never interrupt it unnecessarily.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Charlie Munger says the first rule of compounding is to never interrupt it unnecessarily.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The way to win [in the markets] is to work, work, work, work and hope to have a few insights. How many insights do you need? Well, I'd argue: that you don't need many in a lifetime. If you look at Berkshire Hathaway and all of its accumulated billions, the top ten insights account for most of it.
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
Daniel Bakalarz and added
"Take a simple idea and take it seriously.”
-Charlie Munger
sari and added
Charlie Munger says the first rule of compounding is to never interrupt it unnecessarily. But how do you not interrupt a money plan—careers, investments, spending, budgeting, whatever—when what you want out of life changes? It’s hard.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
