You don't need perfect information to act; being 96% sure is 'all you're entitled to' in many cases, and excessive due diligence is often a sign of weak thinking and insecurity rather than prudence

normativepending

Speaker

Charlie Munger

Evidence Quote

you don't need perfect if you're 96% sure that's all you're entitled to in many cases

Source

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

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