Some Thoughts On Various Subjects From Charles Munger

“I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.”

Charles Munger

“Simplicity has a way of improving performance through enabling us to better understand what we are doing.”

Charles Munger

“An idea or fact is not worth more merely because it’s easily available to you.”

Charles Munger

“You ought to have an internal compass. So there should be all kinds of things you won’t do even though they’re perfectly legal. That’s the way we try to operate.”

Charles Munger

“I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.”

Charles Munger

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