Charlie Munger Quotes About Understanding
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Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.
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Understanding how to be a good investor makes you a better business manager and vice versa.
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I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.
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I don't have the slightest interest in gold. I like understanding what works and what doesn't in human systems. To me that's not optional; that's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational. And I don't see how you become rational hoarding gold. Even if it works, you're a jerk.
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