Great investing requires a lot of delayed gratification.
CHARLIE MUNGEROpportunity comes to the prepared mind.
More Charlie Munger Quotes
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There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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The safest way to get what you want is to deserve what you want.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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If the value of a company doesn’t just scream out at you, it’s too close.
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Hard work, honesty, if you keep at it, will get you almost anything.
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It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.
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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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We don’t like trading agony for money
CHARLIE MUNGER






