Practically everybody (1) overweighs the stuff that can be...

Practically everybody (1) overweighs the stuff that can be numbered, because it yields to the statistical techniques they’re taught in academia, and (2) doesn’t mix in the hard-to-measure stuff that may be more important. That is a mistake I’ve tried all my life to avoid, and I have no regrets for having done that.

Charlie Munger Quote About Regret, Mistake, Yield: Practically Everybody 1 Overweighs The...

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