I think in the rest of life, you have to practice the right decision-making process. You have to be skeptical in many cases of conventional wisdom. And you have to be able to do what Kipling recommended—which is to keep your head when all about you are losing theirs. And that’s a wonderful quality for an investor or a corporate executive to develop.
- Charlie Munger
http://www.poorcharliesalmanack.com
So true.
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