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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
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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger by Charles T. Munger
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