A Quote by Charlie Munger

I like people admitting they were complete stupid horses' asses. I know I'll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn. — © Charlie Munger
I like people admitting they were complete stupid horses' asses. I know I'll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.
The good thing about England - like, if I were in France, all people would be doing is rubbing my nose in Donald Trump. As if I voted for him. Just rubbing my nose in him. And in England, they'd be rubbing my nose in it too, except for Brexit. So that means they can't rub my nose in anything!
There were mistakes that I made that I did learn from. When you don't have responsibilities, the only responsibility is for yourself, but when you have someone there to mentor you, then you don't make stupid mistakes.
You'd be surprised how many stupid mistakes I've made. I make stupid mistakes all the time, and some of them have been very big stupid mistakes.
Scobe's Tenth Law: In all endeavors, in all aspects of life, there are more horses asses than horses!
People were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
Why is it there are so many more horses' asses than there are horses?
Soderquist's Paradox: There are more horses' asses than horses.
There's a lot we should be able to learn from history. And yet history proves that we never do. In fact, the main lesson of history is that we never learn the lessons of history. This makes us look so stupid that few people care to read it. They'd rather not be reminded. Any good history book is mainly just a long list of mistakes, complete with names and dates. It's very embarrassing.
It's good to learn from your mistakes. It's better to learn from other people's mistakes.
Be proud of your mistakes. Well, proud may not be exactly the right word, but respect them, treasure them, be kind to them, learn from them. And, more than that, and more important than that, make them. Make mistakes. Make great mistakes, make wonderful mistakes, make glorious mistakes. Better to make a hundred mistakes than to stare at a blank piece of paper too scared to do anything wrong.
Do you know what I think about crying? I think some people have to learn to do it. But once you learn, once you know how to really cry, there's nothing quite like it. I feel sorry for those who don't know the trick. It's like whistling or singing.
It's important to learn from your mistakes, but it is BETTER to learn from other people's mistakes, and it is BEST to learn from other people's successes. It accelerates your own success.
There are three steps you have to complete to become a professional dancer: learn to dance, learn to perform, and learn how to cope with injuries.
... the approach of admitting our errors, besides being most true to a gospel of grace, is also most effective at expressing who we are. Propaganda turns people off; humbly admitting mistakes disarms.
They say that there are three kinds of people in the world. There are people who never learn one way or another anything; there are people who learn from their own mistakes, eventually and with great pain; and then there are the really wise people who learn from other people's mistakes and spare themselves the suffering.
Coaches need to have the ability of tact - to teach the team to rub out mistakes rather than to rub them in.
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