Back | Avoiding stupidity

Avoiding stupidity is easier than seeking brilliance -or- It's much easier to avoid what you don't want than to get what you do want. This is the technique used by Charlie Munger, who works alongside Warren Buffett at Berkshire Hathaway, one of the worlds most successful investment companies.

By keeping things simple, you can often outlast the competition, because sooner or later, they will do something stupid, simply because they though they were doing something brilliant.

Warren Buffett has come out with interesting, and potentially useful quotes :-

  • We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

  • Price is what you pay. Value is what you get.

  • Someone's sitting in the shade today because someone planted a tree a long time ago.

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