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

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

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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

It is in the nature of things, as Jacobi knew, that many hard problems are best solved only when they are addressed backward. For instance, when almost everyone else was trying to revise the electromagnetic laws of [James Clerk] Maxwell8 to be consistent with the motion laws of Newton, Einstein9 discovered special relativity as he made a 180-degree turn and revised Newton’s laws to fit Maxwell’s.

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First, be unreliable. Do not faithfully do what you have engaged to do. If you will only master this one habit, you will more than counterbalance the combined effect of all your virtues, howsoever great.

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