Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard … - Charlie Munger

If, in your thinking, you rely entirely on others — often through purchase of professional advice — whenever outside a small territory of your own, you will suffer much calamity.

Own your work and compound credibility.

What I found, in my extended attempts to complete by informal means my stunted education, was that, plugging along with only ordinary will but with the fundamental organizing ethos as my guide, my ability to serve everything I loved was enhanced far beyond my deserts. Large gains came in places that seemed unlikely as I started out, sometimes making me like the only one without a blindfold in a high-stakes game of pin the tail on the donkey. For instance, I was productively led into psychology, where I had no plans to go, creating large advantages that deserve a story on another day.