How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
Charlie MungerI think it is undeniably true that the human brain must work in models. The trick is to have your brain work better than the other person's brain because it understands the most fundamental models- ones that will do most work per unit.
Charlie MungerIntense interest in any subject is indispensable if you're really going to excel in it.
Charlie MungerA rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.
Charlie Munger