We have three baskets: in, out, and too tough. … We have to have a special insight, or we’ll put it in the “too tough” basket. - Charlie Munger

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We have three baskets: in, out, and too tough. … We have to have a special insight, or we’ll put it in the “too tough” basket.

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About Charlie Munger

Charles Thomas Munger (January 1, 1924 – November 28, 2023) was Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.

Biography information from Wikiquote

Also Known As

Native Name: Charles Thomas Munger
Alternative Names: Charlie Thomas Munger • Charles T. Munger
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Additional quotes by Charlie Munger

You need to have a passionate interest in why things are happening. That cast of mind, kept over long periods, gradually improves your ability to focus on reality. If you don't have the cast of mind, you're destined for failure even if you have a high I.Q.
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger · 2006 Verified in 1 source Sign up to see the complete provenance
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