'It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.'
-Charlie Munger
So applicable when we are operating outside our circle of competence, especially in situations when we are first starting out.
Think about the first time you started investing. Or cooking your first meal. Or attending your first business networking event.
Personally, I have made so many mistakes in new forays that have set my progress back. For instance, losing thousands in the Celsius bankruptcy as a new investor, where I could have placed it in safer bets such as index funds instead for steadier gains.
Have a similar story to share? And how would the outcome be different had you heeded Charlie's advice?
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