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Exercise and sports are greatly affected by what goes into the mind, and the mind is greatly affected by sports and exercise as well. This is true among exercisers at all levels, despite their different goals. A major element in mental training is visualization. . . Visualizing a positive outcome can create a pattern of success, as long as you set realistic and specific goals.

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Charlie Munger

Once you start doing something bad, then it's easy to take the next step - and in the end, you're a moral sewer.

Easy, Moral, Next Steps, Start, Step, Take
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Show me the incentive and I will show you the outcome

Incentive, Incentives, Outcome, Outcomes, Show, Show Me

Our biggest mistakes, were things we didn't do, companies we didn't buy.

Biggest, Biggest Mistake, Companies, Company, Mistake, Things

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Answer, Answers, Assuming, Handle, Tough, Yes

Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

Advantage, Discipline, Moving, Odds, Understand

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Different, Men, Practice, Practices, Thinking, Under
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