“So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don’t, you’re going to lose. And that’s as close to certain as any prediction you can make. You have to figure out where you’ve got an edge. And you’ve got to play within your own circle of competence.”
Charlie Munger
“Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.”
— Charlie Munger Primary source“The first rule of war is to concentrate superior strength for decisive action and to avoid division of force or engaging in detail.”
— Winston Churchill Primary sourceStrength Focus War Action Competence