Charlie Munger's Wesco Letters 1983 – 2009 Quotes

“Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric. … It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying, `It’s the strong swimmers who drown.”
― Charlie Munger, Charlie Munger's Wesco Letters 1983 – 2009