Success is not about doing exceptional or extraordinary things. It is more often about devotion, consistency, and avoiding common, ordinary mistakes. Few thinkers have explained this better than the legendary Charlie Munger. Charlie Munger, who passed away on 28 November 2023 at the age of 99, was widely regarded as an elite, multidisciplinary thinker. The longtime Vice Chairman of Berkshire Hathaway was someone who never relied on traditional finance formulas and equations; he utilised a system of ‘multiple mental models’ and built his investing philosophy around devotion, discipline, rational thinking and mental clarity. His approach to investing success was simple: remove what destroys value, and success takes care of itself. His iconic book titled ‘ Poor Charlie's Almanack : The Essential Wit and Wisdom of Charles T. Munger’ still stands out as one of the best books on life and investing of all time. It has fundamental ideas that, if imbibed, can make life, investing, and day...
Albert Einstein was not against all of quantum mechanics. In fact, he helped create it. He won the 1921 Nobel Prize largely for explaining the photoelectric effect using quantum ideas. The real issue was: Einstein rejected the idea that reality is fundamentally random. That became his major disagreement with the emerging interpretation of quantum mechanics developed by physicists like: Niels Bohr Werner Heisenberg The Core Conflict Quantum mechanics suggested that at microscopic scales: particles do not have definite positions or velocities until measured outcomes are probabilistic uncertainty is built into nature itself Einstein found this deeply unsatisfying. Einstein’s Famous Objection He famously said: “God does not play dice.” Meaning: the universe should obey deeper deterministic laws randomness should reflect incomplete knowledge, not reality itself Quantum Mechanics Said Something Radical A particle like an electron does not behave like...