We look for a horse with one chance in two of winning and which pays you three to one. — Charlie Munger
We try more to profit from always remembering the obvious than from grasping the esoteric. — Charlie Munger
Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — Charlie Munger
‘Crowd folly’, the tendency of humans, under some circumstances, to resemble lemmings, — Charlie Munger