From Charlie Munger “Poor Charlie’s Almanack”
“What a man wishes, that also will he believe.”
“The Greek orator as clearly right about an excess of optimism being the normal human condition, even when pain or the threat of pain is absent.”
“One standard antidote to foolish optimism is trained, habitual use of the simple probability math of Fermat and Pascal, taught in my youth to high school sophomores. The mental rules of thumb that evolution gives you to deal with risk are not adequate.” (p. 477)