Mimicking the herd invites regression to the mean (merely a… - Charlie Munger

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Mimicking the herd invites regression to the mean (merely average performance).

Charlie Munger

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger · December 5, 2023 Verified in 1 source Sign up to see the complete provenance

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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.

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Also Known As

Native Name: Charles Thomas Munger

Alternative Names: Charlie Thomas Munger • Charles T. Munger

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Shane Parrish Tim Ferriss Ray Dalio Nassim Nicholas Taleb Naval Ravikant

Additional quotes by Charlie Munger

It takes character to sit with all that cash and to do nothing.
I didn't get top where I am by going after mediocre opportunities.

Pain-Avoiding Psychological Denial One should recognize reality even when one doesn’t like it.

It is remarkable how much long-term advantage people like us have gotten by trying to be not stupid instead of trying to be very intelligent.

Mimicking the herd invites regression to the mean (merely average performance). - Charlie Munger

About Charlie Munger

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Additional quotes by Charlie Munger