If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life l… - Charlie Munger

Quickly eliminate the big universe of what not to do; follow up with a fluent, multidisciplinary attack on what remains; then act decisively when, and only when, the right circumstances appear.

Instead, you must do your multidisciplinary thinking in accord with Ben Franklin’s prescription in Poor Richard:52 “If you want it done, go. If not, send.

So life is an everlasting battle between those two forces: to get these advantages of scale on one side and a tendency to get a lot like the US Department of Agriculture on the other side, where they just sit around and so forth. I don’t know exactly what they do. However, I do know that they do very little useful work.