Charlie Munger

I pay a lot of attention to what Charlie Munger and Warren Buffet say.

Sometimes, I think all this writing and “coming up with new ideas” is a waste of time. The reason is because they have made it clear to me that being smart isn’t a prerequisite for success.

Rather, not being stupid gives you much higher probability of success.

Charlie Munger’s two rules that I revisit often.

1. Don't interrupt compounding unnecessarily

2. Instead of trying to be a genius, avoid stupidity