[…] Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step-by-step you get ahead, but not necessarily in fast spurts. But you…
Tag: Charlie Munger
Charlie Munger on Avoiding Tough Things
[…] There are things that we stay away from. We’re like the man who said he had three baskets on his desk: in, out and too tough. We have such baskets – mental baskets –…
Warren Buffet and Charlie Munger on Knowing Your Limitations
Warren Buffet says: […] You have to stick within what I call your circle of competence. You have to know what you understand and what you don’t understand. It’s not terribly important how big the…