Anett Rolikova

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Doppelganger: A T...
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read in September 2025
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Poor Charlie’s Al...
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Sep 15, 2025 07:26AM

 
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Jono Bacon
“Building a community is a complex business, though. It involves careful planning and consideration, but also the freedom to empower your community members to accomplish things that you never dreamed of.”
Jono Bacon, The Art of Community: Building the New Age of Participation

Charles T. Munger
“Change Live with change and accept unremovable complexity. Recognize and adapt to the true nature of the world around you; don’t expect it to adapt to you. Continually challenge and willingly amend your best-loved ideas. Recognize reality even when you don’t like it—especially when you don’t like it. Focus Keep things simple and remember what you set out to do. Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat. Guard against the effects of hubris and boredom. Don’t overlook the obvious by drowning in minutiae. Be careful to exclude unneeded information or slop: “A small leak can sink a great ship.” Face your big troubles, don’t sweep them under the rug.”
Charles T. Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

Jono Bacon
“belonging is our goal. It is that nine-letter word that you should write out in large letters and stick on your office wall. It is that word that should be at the forefront of your inspiration”
Jono Bacon, The Art of Community: Building the New Age of Participation

“There are many people who are smart, are well educated, and have memorized large amounts of information and numerous facts but who lack a broad understanding of the consequences of their decisions.”
Hasard Lee, The Art of Clear Thinking: A Stealth Fighter Pilot's Timeless Rules for Making Tough Decisions

Charles T. Munger
“Allocation Proper allocation of capital is an investor’s number one job. Remember that the highest and best use is always measured by the next best use (opportunity cost). Good ideas are rare—when the odds are greatly in your favor, bet (allocate) heavily. Don’t fall in love with an investment—be situation-dependent and opportunity-driven. Patience Resist the natural human bias to act. “Compound interest is the eighth wonder of the world” (Einstein); never interrupt it unnecessarily. Avoid unnecessary transactional taxes and frictional costs; never take action for its own sake. Be alert for the arrival of luck. Enjoy the process along with the proceeds, because the process is where you live. Decisiveness When proper circumstances present themselves, act with decisiveness and conviction. Be fearful when others are greedy and greedy when others are fearful. Opportunity doesn’t come often, so seize it when it does. Opportunity meeting the prepared mind—that’s the game.”
Charles T. Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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