COMPASSION

Affirmation of life is the spiritual act by which man ceases to live thoughtlessly and begins to devote himself to his life
with reverence in order to give it true value.
— Albert Schweitzer

5/20/2014

Munger Makes Mistakes

Blogger: Blogger Dashboard: "Charlie Munger on making mistakes...
Joe Koster at Value Investing World - 3 days ago

Via notesfrom the 2013 Daily Journal Annual Meeting: Of course, there's going to be some failure in making the correct decisions. Nobody bats a thousand. I think it's important to review your past stupidities so you are less likely to repeat them, but I'm not gnashing my teeth over it or suffering or enduring it. I regard it as perfectly normal to fail and make bad decisions. *I think the tragedy in life is to be so timid that you don't play hard enough so you have some reverses.* [image: Boyles Asset Management]"



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