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In the end, it comes down to Charlie’s most basic guiding principles, his fundamental philosophy of life: Preparation. Discipline. Patience. Decisiveness. Each attribute is, in turn, lost without the other, but together they form the dynamic critical mass for a cascading of positive effects for which Munger is famous (the lollapalooza).
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
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