Saturday, August 17, 2019

Planning and Reality

At Berkshire there has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn't cover new reality. We want people taking into account new information.

- Charlie Munger

2 comments:

Eclecticity said...

Mind blown. E.

Michael Wade said...

E,

A fascinating perspective. I imagine it involves replacing a plan with certain values and inclinations.

Michael