What does Munger mean by “kill your darlings”?
In the literary world, it’s a common piece of advice that, in all its simplicity, seems difficult for many to understand. The idea is that a writer easily falls in love with a sentence, character, or idea, but if it doesn’t serve the whole, it should be removed. For example, at the sentence level, such a darling is often ornate, too clever, and contains what the writer considers a brilliant comparison, but for the reader, it momentarily breaks immersion as the story disappears and the author emerges from behind the lines to pose.
But what does “kill your darlings” mean in investing? Don’t fall in love with your own ideas, but examine them critically? Such a simple thing doesn’t need a figure of speech, and if that’s the meaning, I’m disappointed in Munger.
And that was a fun and interesting read💪