Charlie Munger on Wrestling with Pigs
Charlie Munger is the long time associate and friend of Warren Buffet and an investing legend in his own right.
I hope to be talking about him a lot on this blog, not just because I believe he is a great investor but also because I believe he is one of the foremost proponents of what I like to call “Right Thinking”.
Right Thinking is not about how to pick stocks or how to startup companies or take your profits. Right Thinking is about how to go about thinking about all of these things and so much more.
It’s the framework of your thoughts and actions that will determine your satisfaction with the end result and your success.
I am going to adapt his quote on Pigs but I keep the meaning in all seriousness.
Charlie says, “Don’t wrestle with Pigs. You will both get very dirty. Trouble is, the Pig will enjoy it”
Be careful whom you associate with. It may be expeditious, it may even seem like you have no choice at the time.
You may believe you can get out of the relationship any time you choose.
But you are going to get very dirty.
It never ends well.
Each of you reading this know who these pigs are, and which of you are considering wrestling with some.
That shit will not come off easy.