Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
CHARLIE MUNGEROur job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
More Charlie Munger Quotes
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You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here.
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The average result has to be the average result. By definition, everybody can’t beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That’s just the way it is.
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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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Step by step you get ahead, but rarely in fast spurts.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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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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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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Opportunity comes to the prepared mind.
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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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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
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It’s not greed that drives the world, but envy.
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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?”
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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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Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.
CHARLIE MUNGER






