Friday, March 15, 2013

Charlie munger on one of deadly sins

Then there’s the chasing of the investment return rabbit. What if you had an investment that you were confident would return 12% per annum. A lot of you wouldn’t like that -especially if you’ve done better- but many would say, “I don’t care if someone else makes money faster.” The idea of caring that someone is making money faster is one of the deadly sins. Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?