StartupThoughts

a quiet place to think about startups

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.

And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.

Charlie Munger
from A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business, USC Business School (1994)