... some important factor doesn't lose its "share of force" just because some "expert" can better measure other types of force.
Charlie MungerBeing short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.
Charlie MungerFancy computers are engaging in legalized front-running. The profits are clearly coming from the rest of us - our college endowments and our pensions. Why is this legal? What the hell is the government thinking? It's like letting rats into a restaurant.
Charlie MungerTthe first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.... You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life.
Charlie Munger