Seeking Wisdom
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Filter 6 - What are the consequences ifl'm wrong?
296
- SOURCE NOTES -
Introduction
Page
11 "I think that I am... " Francis Darwin (editor), The Autobiography of Charles Darwin and Selected Letters, Dover Publications, New York, 1958, p.55.
Part One
Page
4 "The brain is the... " Gerald Edelman, BrainMatters, The NeuroSciences Institute, Fall 2000.
7 "although in some sense... " Ralph Greenspan, Perception, Selection and the Brain, Journal of Neuroaesthetics, July, 2004.
7 "Isaac Newton might have... " Ralph Greenspan, Nature Reviews, Volume 2, May 2001, p.386.
18 "In no sense... " Ra!ph Greenspan, Perception, Selection and the Brain,Journal ofNeuroaesthetics, July, 2004.
21 "Why should a man... " Charles Darwin, 1871, The decent of man, and selecion in relation to sex. London: John Murray, 1st edition. Volume 1. Chapter IV (On The Manner of Development of Man from Some Lower Form). From The Complete Work of Charles Darwin Online, University of Cambridge, Cambridge. http://darwin-online.org.uk/
21 "powerful stimulus... " Charles Darwin, 1871, The decent of man, and selecion in relation to sex. London: John Murray, 1st edition. Volume 1. Chapter V (On the Development of the Intellectual and Moral Faculties During Primeval and Civilised Times). From The Complete Work of Charles Darwin Online, University of Cambridge, Cambridge. http:/ /darwin-online.org.ukl
23 "At the moment ... " Charles Darwin, 1871, The decent of man, and selecion in relation to sex. London: John Murray, 1st edition. Volume 1. Chapter III (Comparison of the Mental Powers of Man and the Lower Animals). From The Complete Work of Charles Darwin Online, University of Cambridge, Cambridge. http://darwin-online.org.uk/
"At a small dinner gathering... " Lee Alan Dugatkin, Cheating Monkeys and Citizen Bees: The Nature of Cooperation in Animals and Humans, The Free Press, Simon & Schuster Inc., New York, 1999, p.101.
"Fear of disapproval is... " 59 words, p. 77 from The Ostrich Factor: Our Population Myopia, by Hardin Garrett (1999). By permission of Oxford University Press, Inc.
Part Two
Page
45 "If the laws of... " 31 words, p. 61 from The Ostrich Factor: Our Population Myopia, by Hardin Garrett (1999). By permission of Oxford University Press, Inc.
88 "His [Jones] masterstroke was... " Robert Cialdini, Influence: The Psychology of Persuasion, Quill
William Morrow and Company Inc, New York, 1984,1993, p.156.
88 "In a country like... " Robert Cialdini, Influence: The Psychology of Persuasion, Quill William Morrow and Company Inc, New York, 1984,1993, p.154.
88 "Have the courage... " Benjamin Graham, The Intelligent Investor: A Book of Practical Counsel,
Harper & Row, Publishers, New York, 1973, Fourth Revised Edition, p.287.
297
Part Three
Page
125 "A complex system... " Gerald Edelman, BrainMatters, The NeuroSciences Institute, Fall 2002.
132 ''As a colony grows... " 63 words, pp. 266-267 from Living Within Limits: Ecology, Economics, and Population Taboos by Hardin Garrett (1995). By permission of Oxford University Press, Inc.
152 "It is said to be... " Henry Howard Harper, The Psychology of Speculation: The Human Element in Stock Market Speculations, Fraser Publishing Company, Burlington, Vermont, 1966, p.44.
Part Four
Page
193 "If, in some cataclysm, all... ", Richard Feynman & Robert Leighton & Matthew Sands The Feynman Lectures on Physics, Addison-Wesley Publishing Company, Reading, Massachusetts, 1963, Sixth printing, 1977, p.1.2. Copyright by California Institute ofTechnology.
199 "See that bird?... " Richard Feynman, "What is Science?", The Physics Teacher, Vol. 7, Issue 6, pp.313-320, 1969.
199 "There is a picture... " Richard Feynman, "What is Science?", The Physics Teacher, Vol. 7, Issue 6, pp.313-320, 1969.
200 "the soles of your... " Richard Feynman, "What is Science?", The Physics Teacher, Vol. 7, Issue 6,
pp.313-320, 1969.
200 "Without using the... " Richard Feynman, "What is Science?", The Physics Teacher, Vol. 7, Issue 6, pp.313-320, 1969.
203 "If earnings not paid... " John Burr Williams, The Theory of Investment Value, Fraser Publishing
Company, Burlington, 1997 and originally published in 1938 by Harvard University Press, pp.57-58.
212 "You can't believe... " Noel Tichy and Ram Charan, "Speed, Simplicy, Self-Confidence: An
Interview with Jack Welch," Harvard Business Review, September-October 1989, p.112.
217 "In nearly every detective... " Albert Einstein & Leopold Infeld, The Evolution of Physics: The Growth of Ideas from Early Concepts to Relativity and Quanta, Cambridge University Press, Cambridge, 1938, Reprinted 1978, p.4.
228 "In the department... " Claude Frederic Bastiat, That Which ls Seen, and That Which Is Not Seen,
http:/ /bastiat.org/
239 "It does not make any... " Richard Feynman, The Character of Physical Law, The Modern Library, Random House, Inc., New York, 1965, 1994 Modern Library Edition, p.150.
239 "About thirty years ago... " Charles Darwin to Henry Fawcett (18 September 1861), Letter No. 133 in Francis Darwin (editor), More Letters of Charles Darwin, Vol. 1 D. Appleton, New York, 1903.
242 "I had also... " Francis Darwin (editor), The Autobiography of Charles Darwin and Selected Letters,
Dover Publications Inc, Mineola, New York, 1958, pp.45,52-53.
252 "Why do we complain ... " Seneca Lucius Annaeus, On the Shortness of Life, translated by John
W. Basore, Loeb Classical Library London, William Heineman, 1932, from The Forum Romanum, The Corpus Scriptorum Latinorum
256 "I rejoice that... " Francis Darwin (editor), The Autobiography of Charles Darwin and Selected Letters, Dover Publications Inc., Mineola, New York, 1958, pp.46,279.
Source notes - Charles Munger and Warren Buffett Introduction
Page
"All I want to... " Berkshire Hathaway Inc., 1996 Annual Report, p.9.
"I believe in the... " Lecture by CharlesT. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.63.
298
111 "I chink it's a huge... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.63.
Part One
18 "There was a great... " Berkshire Hathaway annual meeting, 2004, Outstanding Investor Digest,
December 31, 2004, p.32.
"It's ego. It's greed... " Adam Smith's Money Game, Transcript #105, Air Date: May 15, 1998.
"I always look at. .. " Buffett &Gates on Success, KCTS/Seatcle, May 1998 transcript p. 4.
Part Two
Page
39 "I came to the... " Andrew Kilpatrick, Of Permanent Value: The Story of Warren Buffett,
Birmingham: AKPE, 2000, p.873.
39 "If you want co... " Berkshire Hathaway annual meeting, 1991, Outstanding Investor Digest, May 24, 1991, p.32.
"We only give... " Berkshire Hathaway annual meeting, 1995, Outstanding Investor Digest,
August 10, 1995, p.4.
"The iron rule of nature... " Wesco Financial annual meeting, 2001.
"The worst abuses ... " Wesco Financial annual meeting, 1994, Outstanding Investor Digest, June 23, 1994, p.15.
"In the New York... Wesco Financial annual meeting, 2004, Outstanding Investor Digest,
December 31, 2004, p.45.
"From all business... " Lecture by Charles T. Munger to the students of Professor Guilford Babcock at the University of Southern California School of Business on April 14, 1994, Outstanding Investor Digest, May 5, 1995, p.59.
"The food value... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, December 29, 1997, p.27.
"Well, che customer. ..
" Lecture by Charles T. Munger to che students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, December 29, 1997, p.29.
"As you occupy some... " Wesco Financial Inc., 1990 Annual Report, (Berkshire Hathaway Inc.,
Letters to Shareholders, 1987-1995, p.203.)
"Goals should be... " Berkshire Hathaway Inc., 1996 Annual Report, p.l 0.
"lc's very hard to change... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest, September 24, 1998, p.55.
"An example of a... " Berkshire Hathaway annual meeting, 1993, Outstanding Investor Digest,
June 30, 1993, p.29.
"without the help of... " Berkshire Hathaway Inc., Letters to Shareholders, 1994, p.149.
"All commissioned salesmen ... " Wesco Financial annual meeting, 1988, Outstanding Investor Digest, April 30, 1988, p.21.
"They were paid... " Wesco Financial annual meeting, 1992, Outstanding Investor Digest, June
22, 1992, p.8.
"Mark Twain used to say... " Berkshire Hathaway annual meeting, 1995, Outstanding Investor Digest, August 10, 1995, p.11.
52 "I have no use... " Berkshire Hathaway annual meeting, 1995, Andrew Kilpatrick, Of Permanent
Value: The Story ofWarren Buffett, Birmingham: AKPE, 2000, p.l 074.
"I do not understand... " Berkshire Hathaway annual meeting, 1994, Outstanding Investor Digest, June 23, 1994, pp.23-24.
"When they make... " Berkshire Hathaway Inc., Letters to Shareholders, 1989, p.60.
53 "I would say that... " Berkshire Hathaway annual meeting, 2002.
"I'd say chat... " Berkshire Hathaway annual meeting, 2001, Outstanding Investor Digest, Year End 2001 Edition, p.24.
299
"We want the manager... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest, September 24, 1998, pp.55-56.
"Any investor can ... " Berkshire Hathaway Inc., 1997 Annual Report, p.3.
"Arco was celebrating ... " Wesco Financial annual meeting, 2004, Outstanding Investor Digest,
December 31, 2004, p.51.
"Well if you stop... " The Psychology of Human Misjudgment, Talk at the Cambridge Center for Behavioral Studies, April 24, 1995.
'Tm not saying that... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest,
September 24, 1998, p.54.
58 "It is remarkable... " Wesco Financial Inc., 1989 Annual Report, (Berkshire Hathaway Inc., Letters to Shareholders, 1987-1995, p.196.)
58 "We won't do anything... " Lecture at Stanford Law School, March 23, 1990, Outstanding Investor Digest, April 18, 1990, p.14.
"What the human being... " Berkshire Hathaway annual meeting, 2002.
"We do have a... " Berkshire Hathaway Inc., Letters to Shareholders, 1995, p.162.
"We have very much... " Wesco Financial annual meeting, 1989, Outstanding Investor Digest,
July 26, 1989, pp.6-7.
"I chink it was... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest,
September 24, 1998, p.40.
65 "Heavy ideology is... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.47.
"We've done a... " Berkshire Hathaway annual meeting, 2000, Outstanding Investor Digest, Year
End 2000 Edition, p.60.
"The most important. .. " Berkshire Hathaway Inc., Letters to Shareholders, 1990, p.74.
66 "Berkshire extracted a... " Wesco Financial annual meeting, 1989, Outstanding Investor Digest,
July 26, 1989, p.9.
"Charlie and I believe... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest, September 24, 1998, p.40.
"(A) You're facing deprival. .. " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.53.
"The deprival super-reaction... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.52.
"One reason why... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.52.
"Buffett: A very important ... " Berkshire Hathaway annual meeting, 1995, Outstanding Investor Digest, August 10, 1995, p.6.
"In Captain Cook's... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.50.
72 "Predicting rain... " Berkshire Hathaway Inc., 2001 Annual Report, p.9.
72 "It rook Noah... " Berkshire Hathaway annual meeting, 1991, Outstanding Investor Digest, May 24, 1991,p.31.
75 "In my generation ... " The Psychology of Human Misjudgment, Talk at the Cambridge Center for Behavioral Studies, April 24, 1995.
75 "One of the problems... " 1994 Lecture ofThe E. J. Faulkner Lecture Series, A Colloquium with University of Nebraska-Lincoln Students by Warren E. Buffett, p.21.
80 "Three quarters of..." 1994 Lecture ofThe E. J. Faulkner Lecture Series, A Colloquium with University of Nebraska-Lincoln Students by Warren E. Buffett, pp.15-16.
84 ''As happens in... " Berkshire Hathaway Inc., Letters to Shareholders, 1989, p.59.
"This friend, who ran... " Berkshire Hathaway Inc., Letters to Shareholders, 1995, p.148.
"Most managers have very... " Berkshire Hathaway Inc., Letters to Shareholders, 1984, p.96.
85 "Grown-up people... " Wesco Financial annual meeting, 1995, Outstanding Investor Digest,
300
August 10, 1995, p. 62.
"We derive no comfort ... " Letter to partners, January 18, 1965.
"Techniques shrouded in... " Berkshire Hathaway Inc., Letters to Shareholders, 1987, p.12.
92 "Around here... " Berkshire Hathaway annual meeting, 1998, Outstanding Investor Digest,
September 24, 1998, p.49.
"His rule for all... " Lecture by Charles T. Munger to the students of Professor Guilford Babcock at the University of Southern California School of Business on April 14, 1994, Outstanding Investor Digest, May 5, 1995, p.50.
"You can't really... " Lecture by Charles T. Munger to the students of Professor Guilford Babcock
at the University of Southern California School of Business on April 14, 1994, Outstanding Investor Digest, May 5, 1995, p.49.
99 "The sad fact... " Berkshire Hathaway Inc., Letters to Shareholders, 1994, pp.147-148.
"We hear a great... " Berkshire Hathaway Inc., Letters to Shareholders, 1979, pp.20-21.
"We've got great... " Wesco Financial annual meeting, 2000, Outstanding Investor Digest,
December 18, 2000, p.60.
100 "There's no use... " Berkshire Hathaway Inc., Letters to Shareholders, 1993, p.129.
104 "I have no stress... " Berkshire Hathaway annual meeting, 2001, Outstanding Investor Digest, Year End 2001 Edition, p.46.
I 04 "All the businesses... " Warren Buffett interview, Outstanding Investor Digest, June 23, 1989, p.12.
105 "When you get two... " Berkshire Hathaway annual meeting, 1991, Outstanding Investor Digest,
May 24, 1991, p.32.
105 "A very significant... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, pp.51-52.
106 "The psychological... " Berkshire Hathaway annual meeting, 1993, Outstanding Investor Digest,
June 30, 1993, p.32.
"When people meet. .. " Berkshire Hathaway annual meeting, 2005, Outstanding Investor Digest,
March 9, 2006, p.55.
"Buffett: When certain boards... " Berkshire Hathaway annual meeting 1993, Outstanding Investor Digest, June 30, 1993, p.31.
"willingness to... " Berkshire Hathaway Inc., 2003 Annual Report, p.9.
108 "In addition ... " Berkshire Hathaway Inc., 2003 Annual Report, p.10.
108 "The co
rrect system... " Berkshire Hathaway annual meeting, 2005, Outstanding Investor Digest,
March 9, 2006, p. 56.
112 "I don't want to... " Lecture by Charles T. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, p.55.
113 "I've gotten so that... " Lecture by Charles T. Munger to the students of Professor Guilford Babcock at the University of Southern California School of Business on April 14, 1994, Outstanding Investor Digest, May 5, 1995, p.51.
113 "Take all the main ... " Lecture by CharlesT. Munger to the students of Professor William Lazier at Stanford Law School, Outstanding Investor Digest, March 13, 1998, pp.48-49.
114 "One of the things... " Wesco Financial annual meeting, 1998, Outstanding Investor Digest,
December 29, 1998, pp.46-47.
Part Three
Page
120 "They had all... " Wesco Financial annual meeting, 2001, Wesco Special Report, Outstanding Investor Digest, OID.COM Edition, 2003, p.10.