Farnam Street Blog – Avoiding Stupidity is Easier than Seeking Brilliance:
“The path to success often comes through avoiding major mistakes rather than pursuing brilliant moves. This isn’t about being passive – it’s about being thoughtful and disciplined about where and how you compete. (…)
This was a point Charlie Munger, the billionaire business partner of Warren Buffett, made a long time ago (…): ’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.’”
Via Jeff Gapp.