If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
CHARLIE MUNGERHard work, honesty, if you keep at it, will get you almost anything.
More Charlie Munger Quotes
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If you can buy the best companies, over time the pricing takes care of itself.
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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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Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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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 investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple.
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Opportunity comes to the prepared mind.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
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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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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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Step by step you get ahead, but rarely in fast spurts.
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The best thing a human being can do is to help another human being know more.
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Hard work, honesty, if you keep at it, will get you almost anything.
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People always underestimate the ability of earth to increase its carrying capacity.
CHARLIE MUNGER