“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
“Good ideas are rare—when the odds are greatly in your favor, bet (allocate) heavily.”
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
“The rich get the assets, the poor get the debt, and then the poor have to pay their whole salary to the rich every year just to live in a house. The rich use that money to buy the rest of the assets from the middle class and then the problem gets worse every year. The middle class disappears, spending power disappears permanently from the economy, the rich becoming much fucking richer and the poor, well, I guess they just die.”
― The Trading Game: A Confession
― The Trading Game: A Confession
“Above all, never fool yourself, and remember that you are the easiest person to fool.”
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
“The modern incarnation of Silicon Valley has strayed significantly from this tradition of collaboration with the U.S. government, focusing instead on the consumer market, including the online advertising and social media platforms that have come to dominate—and limit—our sense of the potential of technology. A generation of founders cloaked themselves in the rhetoric of lofty and ambitious purpose—indeed their rallying cry to change the world has grown lifeless from overuse—but often raised enormous amounts of capital and hired legions of talented engineers merely to build photo-sharing apps and chat interfaces for the modern consumer.”
― The Technological Republic: Hard Power, Soft Belief, and the Future of the West
― The Technological Republic: Hard Power, Soft Belief, and the Future of the West
Brian’s 2025 Year in Books
Take a look at Brian’s Year in Books, including some fun facts about their reading.
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Business and Psychology
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