"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time."
— Charlie Munger
You Dont Have To Be Brilliant
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
About this quote
Munger offered this characteristically self-deprecating observation at Wesco Financial annual meetings, where he served as chairman for decades. The remark distills his core message about temperament over brilliance: sustained, marginal advantage compounds dramatically over long time horizons. He and Warren Buffett both argued that the chief enemy of good investment returns is not stupidity but impatience and inconsistency.
Source
Attributed, from Wesco Financial annual meeting remarks
