Charlie Munger
Principles
Repeatable rules that beginners can study and adapt.
Applicable principles
Invert problems by first avoiding obvious stupidity.
Use multiple mental models rather than one discipline.
Wait patiently for clear opportunities instead of trading constantly.
Business quality can matter more than surface cheapness.
Turn these principles into a pre-investment checklist. If an idea cannot pass the checklist, staying out is often better than forcing action.