Don't confuse correlation and causation. Almost all great records eventually dwindle.
Charlie MungerThe ethical rule is from Samuel Johnson who believed that maintenance of easily removable ignorance by a responsible office holder was treacherous malfeasance in meeting moral obligation. The prudential rule is that underlying the old Warner & Swasey advertisement for machine tools: "The man who needs a new machine tool, and hasn't bought it, is already paying for it". The Warner & Swasey rule also applies, I believe, to thinking tools. If you don't have the right thinking tools, you, and the people you seek to help, are already suffering from your easily removable ignorance.
Charlie MungerIt is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
Charlie MungerThere are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasnโt awash in cash โ and I donโt want to go back.
Charlie Munger