To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people. - Charlie Munger

It is in the nature of things, as Jacobi knew, that many hard problems are best solved only when they are addressed backward. For instance, when almost everyone else was trying to revise the electromagnetic laws of [James Clerk] Maxwell8 to be consistent with the motion laws of Newton, Einstein9 discovered special relativity as he made a 180-degree turn and revised Newton’s laws to fit Maxwell’s.

We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.

"I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings.