1. "This is really crucial: Warren [Buffett] is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you."
2. "I think that one should recognize reality even when one doesn't like it -- indeed, especially when one doesn't like it."
3. "To me, it's obvious that the winner has to be very selective. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people."
4. "Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph."
5. "Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now."
-Charlie Munger
2. "I think that one should recognize reality even when one doesn't like it -- indeed, especially when one doesn't like it."
3. "To me, it's obvious that the winner has to be very selective. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people."
4. "Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph."
5. "Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now."
-Charlie Munger
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