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One of my favorite Munger quotes is "The more you shout it out, the more you pound it in". Meaning that if you talk with a strong opinion on a subject, then it
by mg 3y ago
One of my favorite Munger quotes is "The more you shout it out, the more you pound it in".
Meaning that if you talk with a strong opinion on a subject, then it is hard for you to change your mind by thinking it through further and coming to the conclusion that you were wrong.
I guess one could turn this into a recommendation like "Speak softly and stay flexible".
It's interesting to note that Munger himself often didn't follow this advice and was quite bold in expressing his thoughts.
- xanderlewis 3y ago[flagged]
- exit 3y ago"strong opinions, loosely held" (i think it was Bezos who first expressed this ideal?)
- deleted 3y ago[deleted]
- tgv 3y agoAmorality as a virtue.
- Horffupolde 3y agoNot every opinion is a moral one.
- HenryBemis 3y ago"opinions are like .... - everybody has one, and they all stink"
- tgv 3y agoIf you have strong opinions, you're dividing people. If you're Bezos, you've got a lot of influence. If you then dump them out of opportunism, you're ignoring any morality.
- bmitc 3y agoIsn't Munger famous for strong opinions strongly held on things he doesn't know about? I don't understand the worship here.
- epolanski 3y agoCare to provide an example that isn't cryptocurrencies?
- Nullabillity 3y agoArchitecture.
- geodel 3y ago> I don't understand the worship here. Like another 10 million things in world. Its fine.
- HenryBemis 3y agoAndy Rooney: “Always keep your words soft and sweet, just in case you have to eat them.”
- dr-detroit 3y ago[dead]
- 6stringmerc 3y agoYour last paragraph is hilarious in how it basically shows Munger in reality was a hypocrite or basically just another dipshit in a suit talking up their book. Seriously do the math on the utility of money especially with respect to Charlie Munger… Now that he is dead, the only people that wouldn’t benefit from his estate and wealth being redistributed (as with anyone’s assets over $XXmm) are the Mungers. It’s the most broken part of the system he exploited. Even when you have too much it’s a mental illness that is praised in the US to want more. Im glad he’s dead so people like you won’t be confused by useful ideas put forward by a societal virus.
- bitshiftfaced 3y agoTo give him credit, he likely had investment decisions in mind when he said that. There's the exception of some stuff like Bitcoin and information given at the annual shareholders meetings, but I don't recall him publicly disclosing investments before they were already known.