The investment principle of avoiding 'standard stupidities' is underrated and simpler than trying to find brilliant insights; investing successfully often requires only avoiding obvious errors like overpaying, investing in things you don't understand, investing with dishonest managers, and chasing obsolete business models.
normativepending
Speaker
William GreenEvidence Quote
“I think the most powerful lesson I've learned from Joel Tillinghast, I think is avoiding what Munger calls standard. Stupid. It is.”
Source
Richer, Wiser, Happier Q1 2023 | What We Learned From Ray Dalio & Charlie Munger (TIP538)— The Investor’s PodcastCreated: 8/10/2026, 11:05:15 PM
My Notes
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