The Wit and Wisdom of Charlie Munger.

A superb list of maxims by Charlie Munger, compiled by not other than David Senra. I picked 14 from his list that hit home with me. At the end of this post you find a link to the original. Enjoy.

1. Good ideas are rare. When you find one bet heavily.
2. Humans have been writing down their best ideas for 5,000 years. Read them.
3. Don’t sell anything you wouldn’t buy.
4. Avoiding a bad habit is easier than breaking a bad habit.
5. Work on your best idea. Don't diversify.
6. Great businesses are built by going ridiculously far in maximizing or minimizing one or a few things. Think Costco.
7. Stop multitasking. Concentrate.
8. Think of ideas as tools. When a better tool comes along use it.
9. Clip your business and personal expenses. Small leaks sink big ships.
10. Self pity has no utility.
11. Find out what you are best at. Then pound away at it. Forever.
12. Optimize for independence.
13. What do you have an intense interest in? Do that for money.

Link to the original X post by @FoundersPodcast