Good ideas are rare — when the odds are greatly in your favor, bet (allocate) heavily. - Charlie Munger

There is nothing more counterproductive than envy. Someone in the world will always be better than you. Of all the sins, envy is easily the worst, because you can't even haven any fun with it. It's a total net loss.

The first helpful notion is that it is usually best to simplify problems by deciding big no-brainer questions first.

I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you're well on your way to success in the world.