Money and Finance
Quotes from the section on 'Simplification' in Seeking Wisdom - from Darwin to Munger by Peter Bevelin.
"We have a passion for keeping things simple." -Charles Munger
"It's amazing how many people even today use a computer to do something you can do with a pencil and paper in less time." -Richard Feynman (from No Ordinary Genius)
"The art of being wise is the art of knowing what to overlook." -William James
"Part of that [having uncommon sense], I think, is being able to tune out folly, as distinguished from recognizing wisdom. You've got whole categories of things you just bat away so your brain isn't cluttered with them. That way, you're better able to pick up a few sensible things to do." -Charles Munger
"Yeah, we don't consider many stupid things. I mean, we get rid of 'em fast...Just getting rid of the nonsense -- just figuring out that if people call you and say, 'I've got this great, wonderful idea', you don't spend 10 minutes once you know in the first sentence that it isn't a great, wonderful idea...Don't be polite and go through the whole process." -Warren Buffett
"The harder you work, the more confidence you get. But you may be working hard on something that is false." -Charles Munger
..................
Related previous posts:
Video Summaries of Peter Bevelin's "Seeking Wisdom - from Darwin to Munger"
2007 and 2009 Interviews with Peter Bevelin
Related letter: Filters
- 8 Things The World’s Most Successful People All Have In Common
UPDATE: An important question to think about if you read the article below is--as Peter Bevelin discussed in my interviews with him--Compared to what? Are there not many people that have done those 8 things and failed? As Peter said in our interview:...
- Lao-tsu Quote
From Peter Bevelin’s Seeking Wisdom: From Darwin to Munger: "He who knows men is clever; He who knows himself has insight; He who conquers men has force; He who conquers himself is truly strong." -Lao-Tsu (Chinese philosopher, 604-531 BC) ...
- Video Summaries Of Peter Bevelin's "seeking Wisdom - From Darwin To Munger"
Links to videos: MainTakeAway: Seeking Wisdom pt. 1 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 2 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 3 By Peter Bevelin ……………. Related previous post: 2007 and 2009 Interviews with Peter Bevelin...
- Charlie Munger Quote (complexity And Overconfidence)
Mentioned by Peter Bevelin in my 2009 interview with him (and it reminds me of THIS Warren Buffett quote from this year's Berkshire Meeting): “We don’t like complexity and we distrust other systems and think it many times leads to false confidence....
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...
Money and Finance
Keeping it Simple...
Quotes from the section on 'Simplification' in Seeking Wisdom - from Darwin to Munger by Peter Bevelin.
"We have a passion for keeping things simple." -Charles Munger
"It's amazing how many people even today use a computer to do something you can do with a pencil and paper in less time." -Richard Feynman (from No Ordinary Genius)
"The art of being wise is the art of knowing what to overlook." -William James
"Part of that [having uncommon sense], I think, is being able to tune out folly, as distinguished from recognizing wisdom. You've got whole categories of things you just bat away so your brain isn't cluttered with them. That way, you're better able to pick up a few sensible things to do." -Charles Munger
"Yeah, we don't consider many stupid things. I mean, we get rid of 'em fast...Just getting rid of the nonsense -- just figuring out that if people call you and say, 'I've got this great, wonderful idea', you don't spend 10 minutes once you know in the first sentence that it isn't a great, wonderful idea...Don't be polite and go through the whole process." -Warren Buffett
"The harder you work, the more confidence you get. But you may be working hard on something that is false." -Charles Munger
..................
Related previous posts:
Video Summaries of Peter Bevelin's "Seeking Wisdom - from Darwin to Munger"
2007 and 2009 Interviews with Peter Bevelin
Related letter: Filters
- 8 Things The World’s Most Successful People All Have In Common
UPDATE: An important question to think about if you read the article below is--as Peter Bevelin discussed in my interviews with him--Compared to what? Are there not many people that have done those 8 things and failed? As Peter said in our interview:...
- Lao-tsu Quote
From Peter Bevelin’s Seeking Wisdom: From Darwin to Munger: "He who knows men is clever; He who knows himself has insight; He who conquers men has force; He who conquers himself is truly strong." -Lao-Tsu (Chinese philosopher, 604-531 BC) ...
- Video Summaries Of Peter Bevelin's "seeking Wisdom - From Darwin To Munger"
Links to videos: MainTakeAway: Seeking Wisdom pt. 1 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 2 By Peter Bevelin MainTakeAway: Seeking Wisdom pt. 3 By Peter Bevelin ……………. Related previous post: 2007 and 2009 Interviews with Peter Bevelin...
- Charlie Munger Quote (complexity And Overconfidence)
Mentioned by Peter Bevelin in my 2009 interview with him (and it reminds me of THIS Warren Buffett quote from this year's Berkshire Meeting): “We don’t like complexity and we distrust other systems and think it many times leads to false confidence....
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...