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People who think that Sylvia Plath was a poor, sensitive poet are not getting that she had great amounts of ambition and anger that moved her along, or she wouldn't have been able to fight against that depression to produce such an incredible body of work by the age of thirty.

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Charlie Munger

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

Asks, Bargain, Bargains, God, Locate, Why Me
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Show me the incentive and I will show you the outcome

Incentive, Incentives, Outcome, Outcomes, Show, Show Me

Our biggest mistakes, were things we didn't do, companies we didn't buy.

Biggest, Biggest Mistake, Companies, Company, Mistake, Things

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Answer, Answers, Assuming, Handle, Tough, Yes

Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

Advantage, Discipline, Moving, Odds, Understand

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Different, Men, Practice, Practices, Thinking, Under
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