You don't have to pee on an electric fence to learn not to do it - Charlie Munger

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You don't have to pee on an electric fence to learn not to do it

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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.

Biography information from Wikiquote

Also Known As

Native Name: Charles Thomas Munger
Alternative Names: Charlie Thomas Munger Charles T. Munger
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Additional quotes by Charlie Munger

As Buffett and I say over and over again, we don’t leap 7-foot fences. Instead, we look for 1-foot fences with big rewards on the other side. So we’ve succeeded by making the world easy for ourselves, not by solving hard problems.

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Whenever you think that some situation or some person is ruining your life, it's actually you who are ruining your life. It's such a simple idea. Feeling like a victim is a perfectly disastrous way to go through life. If you just take the attitude that however bad it is in any way, it's always your fault and you just fix it as best you can—the so-called 'iron prescription'—I think that really works.

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