

“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

“Avoid unnecessary transactional taxes and frictional costs; never take action for its own sake.”
― 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

“Stay within a well-defined circle of competence.”
― 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

“Opportunity doesn’t come often, so seize it when it does. Opportunity meeting the prepared mind—that’s the game.”
― 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
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