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Utopia for Realis...
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The Hitchhiker's ...
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  (page 144 of 216)
— Aug 09, 2026 06:37AM

 
Dopamine Nation: ...
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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
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day. More important than the will to win is the will to prepare. Develop fluency in mental models from the major academic disciplines. If you want to get smart, the question you have to keep asking is “Why, why, why?” Intellectual humility Acknowledging what you don’t know is the dawning of wisdom. Stay within a well-defined circle of competence. Identify and reconcile disconfirming evidence. Resist the craving for false precision, false certainties, etc. Above all, never fool yourself, and remember that you are the easiest person to fool. Analytic rigor Use of the scientific method and effective checklists minimizes errors and omissions. Determine value apart from price, progress apart from activity, wealth apart from size. It is better to remember the obvious than to grasp the esoteric. Be a business analyst, not a market, macroeconomic, or security analyst. Consider the totality of risk and effect; look always at potential second-order and higher-level impacts. Think forward and backward: Invert, always invert.”
― Charles T. Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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

Charles T. Munger
“Charlie says, “Hard work is an essential element in tracking down and perfecting a strategy, or in executing it.”
― Charles T. Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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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