Opportunity comes to the prepared mind.
CHARLIE MUNGERIt 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.
More Charlie Munger Quotes
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Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
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It’s not greed that drives the world, but envy.
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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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Hard work, honesty, if you keep at it, will get you almost anything.
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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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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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A lot of our respected financial institutions are just casinos in drag.
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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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If you can buy the best companies, over time the pricing takes care of itself.
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If we’ve been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.
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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.
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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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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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Intelligent people make decisions based on opportunity costs.
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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.
CHARLIE MUNGER