Make Mistakes, Just Not Stupid Ones

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”

-Charlie Munger

More great advice from Charlie Munger, HOWEVER…not being stupid is NOT the same as not making mistakes. Fear of making mistakes leads to inaction. Take action based on what you know and if it is a mistake, admit it and fix it. Actions are opportunities and mistakes are lessons.