Posted on 29/09/07
We know they're mistakes, so why keep making them?
'Wisdom comes from sitting on your ass."According to Warren Buffett's sidekick, Charlie Munger, it's the best road to effective thinking.For the last six weeks I've been laid up while recuperating from surgery (a friend noted that I'd picked a great time in the market to be "seriously sedated"), so I've been able to put Charlie's thesis to the test. I've spent considerable time sitting on my ass, or should I say, doing some deep, reflective thinking.
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