Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric. … It is remarkable how much long-term adva… - Charlie Munger

It is remarkable how much long-term advantage we have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

It is remarkable how much long-term advantage people like us have gotten by trying to be not stupid instead of trying to be very intelligent.

First, be unreliable. Do not faithfully do what you have engaged to do. If you will only master this one habit, you will more than counterbalance the combined effect of all your virtues, howsoever great.

And he will also suffer from the psychological defect caught by the proverb “To a man with a hammer, every problem looks like a nail.” The fifth helpful notion is that really big effects, lollapalooza effects, will often come only from large combinations of factors.

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.