If, in your thinking, you rely entirely on others — often t… - Charlie Munger

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If, in your thinking, you rely entirely on others — often through purchase of professional advice — whenever outside a small territory of your own, you will suffer much calamity.

Charlie Munger

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger · December 5, 2023 Verified in 1 source Sign up to see the complete provenance

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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.

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Native Name: Charles Thomas Munger

Alternative Names: Charlie Thomas Munger • Charles T. Munger

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Shane Parrish Tim Ferriss Ray Dalio Nassim Nicholas Taleb Naval Ravikant

Additional quotes by Charlie Munger

Go to bed smarter than when you woke up.

There’s only one right way to do it: You have to get the main doctrines together and use them as a checklist. And, to repeat for emphasis, you have to pay special attention to combinatorial effects that create lollapalooza consequences.

Crowd folly, the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior.

If, in your thinking, you rely entirely on others — often through purchase of professional advice — whenever outside a small territory of your own, y… - Charlie Munger

About Charlie Munger

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Additional quotes by Charlie Munger