The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
Charlie MungerFor years I have read the morning paper and harrumphed. There's a lot to harrumph about now.
Charlie MungerThe harder you work, the more confidence you get. But you may be working hard on something that is false.
Charlie MungerI'd say 3/4 of advertising works on pure Pavlov. Think how association, pure association, works. Take Coca-Cola company (we're the biggest share-holder). They want to be associated with every wonderful image: heroics in the Olympics, wonderful music, you name it. They don't want to be associated with presidents' funerals and so-forth.
Charlie Munger