It is not usually the conscious malfeasance of your narrow professional adviser that does you in. Instead, your troubles come from his subconscious b… - Charlie Munger

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.

If something is too hard, we move on to something else. What could be simpler than that?

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time — none, zero. You'd be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.

I think the tragedy in life is to be so timid you don't play hard enough.