The great algorithm to remember in dealing with this tendency is simple: an idea or a fact is not worth more merely because it’s easily available to … - Charlie Munger

Some of the worst dysfunctions in businesses come from the fact that they balkanize reality into little individual departments, with territoriality and turf protection and so forth. So if you want to be a good thinker, you must develop a mind that can jump the jurisdictional boundaries. You don’t have to know it all. Just take in the best big ideas from all these disciplines. And it’s not that hard to do.

You don’t have a lot of envy, you don’t have a lot of resentment. You don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people, and you do what you’re supposed to do. And all these simple rules work so well to make your life better. And they’re so trite.

This sort of tragedy is caused by letting the slop run. You must stop slop early. It’s very hard to stop slop and moral failure if you let it run for a while.