What Charlie Munger thinks about optimism

@charlie-munger · 50 positions · 0 changes of mind

Warren Buffett's business partner and vice chairman of Berkshire Hathaway; also chaired Wesco Financial Corporation from 1984 to 2011, where he wrote its annual letters himself.

Everything they publish, on ppll ↗

Charlie Munger did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

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Only Charlie Munger on optimism. See everyone on optimism

1 dated position, c. 2005, in their own words. Our reading of what Charlie Munger has said — not written or endorsed by them.

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1. c. 2005

   Our readingTrained, habitual use of simple probability math is one standard antidote to foolish optimism

   Their wordsOne standard antidote to foolish optimism is trained, habitual use of the simple probability math of Fermat and Pascal, taught in my youth to high school sophomores.

   ↗The Psychology of Human Misjudgment (revised text, 2005)fs.blog 9th of 17 in this piece