This is Charlie Munger.
It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it—who look and sift the world for a mispriced be—that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity.
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
"Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most
... See moreI’m sure Warren Buffett spends a lot of time reading. But always remember that his wealth was built on the balance of compounding wisdom and relationships. In fact, the two reinforced each other. Go and do likewise.
neckar.substack.com • The Reading Obsession
“It’s very common to be utterly brilliant and still think you’re way smarter than you actually are.” – Munger
Morgan Housel • Makes You Think
Charlie Munger: 20 Book Recommendations That will Make you ...
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Charlie munger - Caltech 2008 DuBridge Distinguished Lecture in Beckman Auditorium
youtube.comWell I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes, but I get some surprise that pushes my limit a little farther.