“I want to think about things where I have an advantage over others. I don't want to play a game where people have an advantage over me. I don't play in a game where other people are wise and I am stupid. I look for a game where I am wise, and they are stupid. And believe me, it works better. God bless our stupid competitors. They make us rich.”
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
“One of my favorite sayings is that there are two kinds of people in the world: optimists and pessimists. And the saying goes that optimists tend to be successful and pessimists tend to be right.
And the idea is that if you think something is going to be terrible and it is going to fail, then you are going to look for the data points that prove you right and you will find them. That is what pessimists do. But if you think that something is possible, then you are going to try to find a way to make it work. And even when you make mistakes along the way and even when people doubt you, you are going to keep pushing until you find a way to make it happen.”
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And the idea is that if you think something is going to be terrible and it is going to fail, then you are going to look for the data points that prove you right and you will find them. That is what pessimists do. But if you think that something is possible, then you are going to try to find a way to make it work. And even when you make mistakes along the way and even when people doubt you, you are going to keep pushing until you find a way to make it happen.”
―
“Your ability to keep doing interesting things is your willingness to be embarrassed and go back to step 1.”
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“The only rules are the ones dictated by the laws of physics. Everything else is a recommendation.”
― Elon Musk
― Elon Musk
“Physics could teach everything about the universe except why. That led to what he calls his adolescent existential crisis. “I began trying to figure out what the meaning of life and the universe was,” he says. “And I got real depressed about it, like maybe life may have no meaning.”
― Elon Musk
― Elon Musk
Matthew’s 2025 Year in Books
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