Letter W: If you can get really good at destroying your own Wrong ideas, that is a great gift – Charles Munger

This is a critical success factor in sourcing. Often the contract will contain a clause which, over the life-cycle of the relationship, will significantly disadvantage one side. This is unhealthy in any relationship and so it is important that both parties are prepared to make changes to maintain balance and fairness.


This aphorism is linked to ‘A, B, and G’.