I have what I call an 'iron prescription' that helps me keep sane when I drift toward preferring one intense ideology over another. I feel that I'm n… - Charlie Munger

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I have what I call an 'iron prescription' that helps me keep sane when I drift toward preferring one intense ideology over another. I feel that I'm not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I'm qualified to speak only when I've reached that state…

"That is probably too tough for most people, although I hope it won't ever become too tough for me… This business of not drifting into extreme ideology is very, very important in life. If you want to end up wise, heavy ideology is very likely to prevent that outcome."