Thursday, February 4, 2021

Charlie Munger teaches............

..........................the importance of learning to make fewer stupid decisions.  Morgan Housel concurs:

 Most of this industry is devoted to finding greatness, which is inevitable because it’s what captures attention. But an occasional great decision can quickly become irrelevant unless you consistently avoid the blunders that move the needle even more. It’s not exciting, but we should spend more effort on ensuring we’re capable of doing the average thing all the time before we spend a moment trying to do a great thing some of the time.

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