1: “Some Scandinavian canoeists succeeded in getting through all the rapids of Scandinavia.”

Charlie Munger, the longtime business partner of Warren Buffett and Vice Chairman of Berkshire Hathaway, was delivering a commencement address to the 2007 USC School of Law graduates.

“They thought they would continue their success by tackling the big whirlpools in northwest America,” he continued.

Things didn’t work out so well. “The death rate was … continue reading