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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.

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Myself Substitution Thinking Time

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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Experience Life Reading Thinking Yourself
The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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It’s not greed that drives the world, but envy.
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It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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Acknowledging what you don’t know is the dawning of wisdom.
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People always underestimate the ability of earth to increase its carrying capacity.
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I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
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We have found in a long life that one competitor is frequently enough to ruin a business.
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Hard work, honesty, if you keep at it, will get you almost anything.
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Go to bed smarter than when you woke up.
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We don’t like trading agony for money
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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
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Your life must focus on the maximization of objectivity.
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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
CHARLIE MUNGER

Myself Substitution Thinking Time
The game of life is the game of everlasting learning. At least it is if you want to win.
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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
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A great business at a fair price is superior to a fair business at a great price.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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