Quote of the Week - Charlie Munger
“No wise pilot, no matter how great his talent and experience, fails to use his checklist” - Charlie Munger
Check out the explanation below 👇
Pilots are required to serially go over a written checklist that contains a list of items they must check before each flight.
Even experienced pilots go through these checklists religiously.
The idea is that humans are prone to mistakes and biases and that checklists help to eliminate many of those possible mistakes we might make.
In investing too, Charlie suggests we make checklists to ensure we’re not swayed easily when making an investment.
One of the famous book on Charlie Munger
Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same.
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