A business model that relies on trickery is doomed to fail.
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Other Charlie Munger quotes:
Almost all good businesses engage in 'pain today, gain tomorrow' activities.
We have a passion for keeping things simple.
If you don't keep learning, other people will pass you by. Temperament alone won't do it - you need a lot of curiosity for a long, long time.
The safest way to try to get what you want is to try to deserve what you want. It's such a simple idea. It's the golden rule. You want to deliver to the world what you would buy if you were on the other end.
How to find a good spouse? - the best single way is to deserve a good spouse.
Opportunity comes to the prepared mind.
The best armor of old age is a well-spent life preceding it.
I'm right, and you're smart, and sooner or later you'll see I'm right.
What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.
Acknowledging what you don't know is the dawning of wisdom.
