Last year at a Los Angeles party, Munger’s dinner partner turned to him and coolly asked, “Tell me, what one quality most accounts for your enormous success?” Recalling this delicious moment later, Munger said, “Can you imagine such a wonderful question? And so I looked at this marvelous creature—whom I certainly hope to sit by at every dinner party—and said, ‘I’m rational. That’s the answer. I’m rational.’”

