The courage to act

Charlie Munger, the legendary investor and partner of Warren Buffett, once emphasized the importance of having the courage to take action. This wasn’t just something he preached—it was how he lived and invested. Munger and Buffett, through Berkshire Hathaway, made very few investment decisions each year. They didn’t scatter their efforts but focused on making only a couple of key moves annually. Munger even remarked that if he had only invested in his top ten greatest opportunities, that alone would have been more than enough to succeed.

This philosophy teaches us a valuable life lesson: be prepared, stay patient, and when the right opportunity presents itself—one that aligns with your reasoning, instincts, and preparation—act decisively. Munger believed that when a “no-brainer” opportunity arises, you need to act boldly and with confidence. This approach is not just wise in investing but also in life. It encourages thoughtful action over impulsiveness and reminds us that fewer, well-considered decisions can lead to great success.