HOWARD MARKS SAYS CHARLIE MUNGER GAVE HIM THE BEST INVESTING ADVICE HE'S EVER RECEIVED IN ONE SENTENCE
It happened over lunch right after Marks finished writing his first book.
As he got up to leave, Munger hit him with this:
"Just remember, none of this is easy. Anybody who thinks it's easy is stupid."
Marks has called it one of the great things anybody has ever said to him.
The point: it cannot be easy to be smarter and more disciplined than every other smart person trying to do the same thing.
Simple, but not easy.
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