“I think that one should recognize the reality even when one doesn’t like it; indeed, especially when one doesn’t like it.” -Charlie Munger

Charlie Munger, the former vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, often emphasized the importance of clear thinking and rational decision-making in investing and life. This quote reflects Munger's belief in facing harsh truths and realities, even unpleasant or uncomfortable.

In investing, Munger advocates for understanding and accepting the true nature of a situation, even if it goes against one's desires or preconceptions. This mindset helps investors avoid wishful thinking and denial, which can lead to poor decisions and financial losses.

Munger highlights the importance of intellectual honesty and confronting reality head-on rather than succumbing to cognitive biases or wishful thinking. By acknowledging and accepting reality, individuals can make better-informed decisions and navigate challenges more effectively, even when unfavorable.

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