Charlie Munger, the former vice chairman of Berkshire Hathaway and long-time business partner of Warren Buffett, often emphasized the importance of simplicity and rationality in decision-making. In the quote provided, Munger highlights a fundamental principle of his approach: avoiding unnecessary complexity.
By saying, "If something is too hard, we move on to something else. What could be simpler than that?" Munger suggests that if a task or problem is overly complicated, it may not be worth pursuing. Instead, he advocates for focusing on areas where one has a more precise understanding and success is more achievable.
This approach aligns with Munger's broader philosophy of seeking opportunities within one's circle of competence and avoiding unnecessary risks or complexities. He believes in investing in what you understand and staying within your expertise rather than venturing into unfamiliar territory where the risks are higher, and success is less certain.