Buffett & Munger Thoughts of the Day

| May 09, 2018
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On Learning

“Any place you can find somebody that gives you insights into things you didn’t understand before—and maybe makes you a better person than you would have been before—that’s very lucky and you want to make the most of it.”~Warren Buffett

“If you’re going to live a long time, you have to keep learning. What you formerly knew is never enough. So if you don’t learn to constantly revise your earlier conclusions and get betters ones…you’re like a one-legged man in an ass-kicking contest.” ~Charlie Munger

On Keeping It Simple

“So many people think if they just hire somebody with the appropriate labels they can do something very difficult. That is one of the most dangerous ideas a human being can have…. You don’t have to hire out your thinking if you keep it simple.” ~Charlie Munger (1994 Berkshire Hathaway Annual Meeting)

“You don’t have to do — we’ve said this before — but you don’t have to do exceptional things to get exceptional results. And some people think that if you jump over a seven-foot bar that the ribbon they pin on you is going to be worth more money than if you step over a one-foot bar. And it just isn’t true in the investment world, at all…. The big thing to do is avoid being wrong.” ~Warren Buffett (1994 Berkshire Hathaway Annual Meeting)

 

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

 

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