Many lawyers make mistakes with problems like the Edison easement case because they don't pay attention to fundamentals; people like the appraiser who don't know their own business well are 'always with us,' but the mental trick of constantly going back to basics provides a significant advantage

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Speaker

Charlie Munger

Evidence Quote

people like that appraiser who didn't know his own business very well because he didn't pay attention to the fundamentals those people are always with us and if you just have the mental trick of constantly going back to the basics

Source

Charlie Munger: Invert, always invertSeeking Wisdom: Value Investing & Worldly Wisdom
Created: 8/11/2026, 8:03:26 AM

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