Month: June 2017

The rare life that is wisely lived has in it many good habits maintained and many bad habits avoided or cured…

— Charlie Munger  And the great rule that helps here is again from Franklin’s Poor Richard’s Almanack: “An ounce of prevention is worth a pound of cure.” What Franklin is here indicating, in part, is that Inconsistency-Avoidance Tendency makes it much easier to prevent a habit than to change it. Also tending to be maintained …

Man is easily fooled, either by the cleverly thought out manipulation of man, by circumstances occurring by accident, or by very effective manipulation practices that man has stumbled into during “practice evolution” and kept in place because they work so well…

— Charlie Munger I will start my summary with a general observation that helps explain what follows. This observation is grounded in what we know about social insects. The limitations inherent in evolution’s development of the nervous-system cells that control behavior are beautifully demonstrated by these insects, which often have a mere 100,000 or so …