Charlie Munger in Damn Right! 9

“It’s….necessary to accommodate a lot of failure, and because no matter how able you are, you’re going to have headwinds and troubles. The Sees who created this business had failed at least once, and had seriously failed. But if person just keeps going on the theory that the life is full of vicissitudes and just does the right thinking and follows the right values it should work out well in the end. So I would say, don’t be discouraged by a few reverses”



“One of Bernard Shaw’s characters explained professional defects as follow: ‘In the last analysis, every profession is a conspiracy against the laity.’”

“To a man with only a hammer, every problem tends to look pretty much like a nail.”