Applying the grandfather's wisdom of 'swim as long as you want but stay near the shore' to business and life means identifying risks on the other side of situations and avoiding them, which is a discipline of looking at vulnerabilities

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Speaker

Charlie Munger

Evidence Quote

my grandfather would say to him when I'm swimming he'd say swim as long as you want but stay near the shore

Source

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

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