Anytime anyone offers you anything with a big commission and a 200 page prospectus, don’t buy it. Occasionally, you’ll be wrong if you adopt the “Munger Rule”. However, over a lifetime, you’ll be a long way ahead – and you will miss a lot of unhappy experiences that might otherwise reduce your love for your fellow man.
Source: Bevlelin, P. (2003) Seeking Wisdom From Darwin to Munger. Sweden: Post Scriptum AB