Charlie Munger on IQ and Temperament

A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.

~ Charlie Munger

Rudyard Kipling on Miseries

“Small miseries, like small debts, hit us in so many places, and meet us at so many turns and corners, that what they want in weight, they make up in number, and render it less hazardous to stand the fire of one cannon ball, than a volley composed of such a shower of bullets.”

~ Rudyard Kipling

Hunter Thompson on Writing

“One of the few ways I can almost be certain I’ll understand something is by sitting down and writing about it. Because by forcing yourself to write about it and putting it down in words, you can’t avoid having your say on the subject.”

~ Hunter Thompson

H. G. Wells on Troubles

“Some people bear three kinds of trouble – the ones they’ve had, the ones they have, and the ones they expect to have.”

~ H. G. Wells