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Charlie Munger's quote is also insightful: "If a thing is not worth doing at all, it's not worth doing well."
by applecore 11y ago
Charlie Munger's quote is also insightful: "If a thing is not worth doing at all, it's not worth doing well."
- jasperry 11y agoI'm not so sure about this one. Doing something well can be a pleasure in itself, and even take the sting out of a job that looks like useless busywork. And if you find a really elegant solution it could be useful for something else later. At least you can take pride in yourself and keep your skills up.
- jldugger 11y agoMunger is something like a co-manager of Berkshire Hathaway. His quote should be considered in that context: if doing something isn't worth the effort, doing it well won't fix that.
- tim333 11y agoBuffett's quoted that as a justification for not investing in small businesses in that he needs large deals to make a difference to Berkshire.
- dredmorbius 11y agoI read Mungers' comment as a bit of inverse logic. If you see something a company is doing badly, there's a strong signal that it's not worth doing. Similarly, within your own organisation, similar logic applies.
- 6stringmerc 11y agoThis reminds me of why I don't shy away from describing myself as both bright and lazy. I'd like to use my intelligence to minimize the effort of a task, especially one that seems quite menial or 'useless' in order to be smart about doing something dumb. From my experience it's a pretty useful mindset, with caveats of course.
- nwah1 11y agoI heard something similar credited to Peter Drucker. "There is nothing so useless as doing efficiently that which should not be done at all."