A business model that relies on trickery is doomed to fail.
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Other Charlie Munger quotes:
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.
It's dishonourable to stay stupider than you need to be.
Acknowledging what you don't know is the dawning of wisdom.
Knowing what you don't know is more useful than being brilliant.
Great investing requires a lot of delayed gratification.
We have a passion for keeping things simple.
You have to learn to be a follower before you become a leader.
A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
Avoid working directly under somebody you don't admire and don't want to be like.
The best armor of old age is a well-spent life preceding it.
