"Half the things I've done are wrong, mistakes [unintelligible]. The moratorium on pot and LSD a year ago is ridiculous. I shouldn't have done that. I make a blunder at least one out of two times I come to bat."

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Part of that, I think, is being able to tune out folly, as distinguished from recognizing wisdom. You've got whole categories of things you just bat away so your brain isn't cluttered with them. That way, you're better able to pick up a few sensible things to do.

— Charlie Munger