🕯️🏛️ I ONCE SAID CHARLIE MUNGER
«Never fall in love with your own brilliance.
Argue the opposite position better than your smartest opponent. And if you can’t, keep your mouth shut until you can».
Every high-IQ hedge fund manager who blew up on Wall Street failed this exact test. They built flawless models. Rationalized their leverage. Believed their own propaganda. And the market wiped them out anyway.
«I don’t have the right to have an opinion on this topic unless I can present the arguments against my position better than the people who support it.»
Surviving in markets is not an intelligence contest. It’s the ruthless elimination of your own ego before volatility does it for you.
«Never fall in love with your own brilliance.
Argue the opposite position better than your smartest opponent. And if you can’t, keep your mouth shut until you can».
Every high-IQ hedge fund manager who blew up on Wall Street failed this exact test. They built flawless models. Rationalized their leverage. Believed their own propaganda. And the market wiped them out anyway.
«I don’t have the right to have an opinion on this topic unless I can present the arguments against my position better than the people who support it.»
Surviving in markets is not an intelligence contest. It’s the ruthless elimination of your own ego before volatility does it for you.
