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— Charlie Munger"The only intelligence investing is value investing...to acquire more than one is paying for."
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The soul, like the body, acquires vigor by the exercise of all its faculties. In the midst of the world, in overcoming difficulties, in conquering selfishness, indolence, and fear--in all the occasions of duty, it employs, and reveals by employing, energies that render it efficient and robust--that broaden its scope, adjust its powers, and mature it with a rich experience.
— Edwin Hubbel Chapin
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And, partly, I had found that theory-structure was a superpower in helping one get what one wanted. As I had early discovered in school wherein I had excelled without labor, guided by theory, while many others, without mastery of theory failed despite monstrous effort. Better theory I thought had always worked for me and, if now available could make me acquire capital and independence faster and better assist everything I loved.
— Charlie Munger
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