A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
CHARLIE MUNGERWhenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
More Charlie Munger Quotes
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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Show me the incentive and I will show you the outcome.
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It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
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I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.
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The safest way to get what you want is to deserve what you want.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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A great business at a fair price is superior to a fair business at a great price.
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The way to win is to work, work, work, work and hope to have a few insights And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.
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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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It’s not greed that drives the world, but envy.
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To the man with only a hammer, every problem looks like a nail.
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Knowing what you don’t know is more useful than being brilliant.
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Investing is where you find a few great companies and then sit on your ass.
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Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.
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The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
CHARLIE MUNGER