Old Charlie has a few sayings that truly become more meaningful the more you ponder them.

Don't argue with fools, just like you wouldn't fight a pig — not only will you end up covered in mud, but the pig actually enjoys the process. Some debates aren't worth wasting time on.

High IQ doesn't necessarily mean you can make money. I've seen too many smart people blow up in the market; the problem is often not the brain but personality. Greed, fear, and not giving up are the true weaknesses of human nature.

The most powerful strategy? Find the one area you're truly good at, then stick to it until the end. You don't need to understand everything — just master one thing to perfection. Enjoying the process is the essence of long-termism.