The Wisdom of the Ancients

The Wisdom of the Ancients

I believe in the wisdom of the ancients, and three matters much more than any other...

1. The first, and most important is Charlie Munger, but as few of our employees have read him, I really can’t expect you to.

2. In contrast to the volumes of Charlie Munger materials, it is worth reading a brief quote from another great American (set out below) and a brief memo from the legendary Englishman, David Ogilvy.

3. And finally, a quote from “Puggy” Pearson, Four-time winner, World Series of Poker: “Ain’t only three things to gambling: Knowing the 60-40 end of a proposition, money management and knowing yourself. Even a donkey knows that.”

Read More