@versionzeromedia: Charlie Munger was once asked to give a high school graduation speech and he told the students exactly how to guarantee a miserable life. That was the whole method. He borrowed it from a 19th-century mathematician, Carl Jacobi: “Invert, always invert.” Don’t ask how to win. Ask what would ruin you, then stay away from it. Buffett’s partner spent decades using it to avoid the mistakes everyone else made. Most plans are built around how things go right. The useful ones start with how they go wrong. #berkshirehathaway #warrenbuffet #charliemunger