Rationality is not just something you do so that you can make more money, it is a binding principle. Rationality is a really good idea. You must avoid the nonsense that is conventional in one's own time. It requires developing systems of thought that improve your batting average over time.
Charlie MungerWe have a history when things are really horrible of wading in when no one else will.
Charlie MungerHow do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
Charlie MungerOf course the self-serving bias is something you want to get out of yourself. Thinking that what's good for you is good for the wider civilization and rationalizing all these ridiculous conclusions based on this subconscious tendency to serve one's self is a terribly inaccurate way to think.
Charlie Munger