DAILY WALL STREET WISDOM · #021
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“Knowing what you don't know is more useful than being brilliant.”
🇺🇸Charlie Munger
Vice Chairman, Berkshire Hathaway
WHAT IT MEANS
Intellectual humility protects your portfolio. Recognizing the boundaries of your knowledge prevents you from making confident bets in areas you don't truly understand, which is where the biggest losses usually originate.
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