No pain, no gain
Almost all good businesses engage in ‘pain today, gain tomorrow’ activities.
— Charlie Munger
— Charlie Munger
Government does not abide by this rule of course, Kick the can down the road is the policy of Government.
the best phrase to describe Government is also from Munger
Some people seem to think there’s no trouble just because it hasn’t happened yet. If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem. I would want to address the problem right now.
— Charlie Munger
— Charlie Munger
Since Government gets bigger and bigger, regulation, laws & more laws, etc... that is the reason the world is sick.
I feel ex communist countries have the best chance to do well in the future, why? People don't believe in gov.
The distrust of government in former communist areas is many times as much of what you will find in Europe or North America, and indeed the majority rather than a minority. This will greatly insulate those regions from the worst decline compared to Europe and North America.
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