“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 (verified)
“Don’t think to hunt two hares with one dog.”
— Benjamin Franklin (verified)“Concentration is the secret of strength in politics, in war, in trade, in short, in all management of human affairs.”
— Ralph Waldo Emerson (verified)“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 (verified)“You will never reach your destination if you stop to shy [throw] stones at every dog that barks.”
— Winston Churchill (verified, secondary source)“Success is not final, failure is not fatal: it is the courage to continue that counts.”
— Winston Churchill (unverified)“Success is going from failure to failure without losing your enthusiasm.”
— Winston Churchill (unverified)