Take a simple, basic idea, and take it very seriously ➶

Charlie Munger, writing in Poor Charlie’s Almanack, Chapter Four, Talk Five:

This reminds one of pilot training, and this outcome is not a coincidence. Reality is talking to anyone who will listen. Like pilot training, the ethos of hard science does not say “Take what you wish” but “Learn it all to fluency, like it or not.” And rational organization of multidisciplinary knowledge is forced by making mandatory 1) full attribution for cross-disciplinary takings and 2) mandatory preference for the most fundamental explanation.

This simple idea may appear too obvious to be useful, but there is an old two-part rule that often works wonders in business, science, and elsewhere: 1) Take a simple, basic idea and 2) take it very seriously.

✶ Tuesday, 18 March 2025


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