The first helpful notion is that it is usually best to simplify problems by deciding big no-brainer questions first. The second helpful notion mimics… - Charlie Munger

The first helpful notion is that it is usually best to simplify problems by deciding big no-brainer questions first.

You have to learn all the big ideas in the key disciplines in a way that they're in a mental latticework in your head and you automatically use them for the rest of your life. If you do that, I solemnly promise you that one day you'll be walking down the street and you'll look to your right and left and you’ll think "my heavenly days, I'm now one of the few competent people in my whole age cohort." If you don't do it, many of the brightest of you will live in the middle ranks or in the shallows.

A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind that loves diagnosis involving multiple variables.

And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.

In my whole life, I have known no wise people who didn’t read all the time – none, zero.