For example, buy Walmart when Sam Walton first goes public and so forth. A lot of people try to do just that. And it’s a very beguiling idea. If I we… - Charlie Munger

Look first for someone both smarter and wiser than you are. After locating him (or her), ask him not to flaunt his superiority so that you may enjoy acclaim for the many accomplishments that sprang from his thoughts and advice. Seek a partner who will never second-guess you nor sulk when you make expensive mistakes. Look also for a generous soul who will put up his own money and work for peanuts. Finally, join with someone who will constantly add to the fun as you travel a long road together.

Eventually, his own work attracted wide attention, and he said of his work, “If I have seen a little farther than other men, it is because I stood on the shoulders of giants.” The bones of that man lie buried now, in Westminster Abbey, under an unusual inscription: “Here lie the remains of all that was mortal in Sir Isaac Newton.

My second prescription for misery is to learn everything you possibly can from your own experience, minimizing what you learn vicariously from the good and bad experiences of others, living and dead. This prescription is a sure-shot producer of misery and second-rate achievement.