If you don’t pay for something, you rarely pay attention.
One thing that Munger repeatedly advocates is the idea that it’s better to limit downside by avoiding mistakes than it is to be brilliant. His reasoning is that, if you are doing stuff that exposes you to harm, you will eventually run o…
Each time you take a new action, your brain coats the axons used with something called myelin. The more you take that action, the more myelinated the path becomes.