This is Charlie Munger.
Well, so much for Carson’s three prescriptions. Here are four more prescriptions from Munger:
Charlie Munger • “How to Guarantee a Life of Misery”
“The iron rule of nature is: You get what you reward for. If you want ants to come, you put sugar on the floor.” — Munger
Charlie Munger: 20 Book Recommendations That will Make you ...
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Berkshire Hathaway: The Incomparable Compounder - [Business Breakdowns, EP. 63]
open.spotify.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.
Charlie Munger • “The Psychology of Human Misjudgment”
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
Notes on The Psychology of Human Misjudgment by Charlie Munger — Rick Lindquist
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Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
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