"Where you have complexity, by nature you can have fraud and mistakes."
Charlie Munger
"It's just so useful dealing with people you can trust and getting all the others the hell out of your life. It ought to be taught as a catechism."
Charlie Munger
"Needing to play catch-up with his retirement portfolio..."
so much pain is traceable "catch-up" approaches. As Howard Marks has pointed out: “If riskier investments necessarily delivered higher returns they wouldn’t be risky.”