Charlie Munger on Getting Rich, Wisdom, Focus, Fake Knowledge and More
Warren Buffett's business partner and wingman has never taken a course on economics, management or business in his life. And yet, he's one of the most successful investors the world has ever known.
In this piece from the excellent Farnam Street blog, Charlie talks about circles of competence and staying away from things you don't understand. His conclusion? "There are no points for difficulty at work or in life. Avoiding stupidity is easier than seeking brilliance."