“Obviously if you want to get good at something which is competitive, you have to think about it and practice a lot. You have to keep learning because world keeps changing and competitors keep learning. You have to go to bed wiser than you got up. As you try to master what you are trying to do – people who do that almost never fail utterly. Very few have ever failed with that approach. You may rise slowly, but you are sure to rise.” PeopleIfsThinkingWorldWantTryingMayPracticeFailingMastersBedApproachWiserCompetitorsKeep Learning Author:Charlie Munger
“Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole.” MayWholeFacesChoicesSixPicksHundredCompetitionInvestmentPhotographAverageNewspapersPrizePreferenceCompetitorsPrettiest Book:General Theory Of Employment , Interest And Money Source: General Theory Of Employment , Interest And Money