Charlie Munger Quotes
The Ethical Rule Is From Samuel Johnson Who Believed That Maintenance Of Easily Removable Ignorance By A Responsible Office Holder Was Treacherous Malfeasance In Meeting Moral Obligation. The Prudential Rule Is That Underlying The Old Warner & Swasey Advertisement For Machine Tools: "The Man Who Needs A New Machine Tool, And Hasn't Bought It, Is Already Paying For It". The Warner & Swasey Rule Also Applies, I Believe, To Thinking Tools. If You Don't Have The Right Thinking Tools, You, And The People You Seek To Help, Are Already Suffering From Your Easily Removable Ignorance.
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