I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, “My god, they’re purple and green. Do fish really take these lures?” And he said, “Mister, I don’t sell to fish.” Poor Charlie’s Almanack Charles T. Munger, Peter D. Kaufman, John Collison, and Warren Buffett