I did not succeed in life by intelligence. I succeeded because I have a long attention span.
CHARLIE MUNGERIf you don’t keep learning, other people will pass you by. Temperament alone won’t do it – you need a lot of curiosity for a long, long time.
More Charlie Munger Quotes
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There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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Step by step you get ahead, but rarely in fast spurts.
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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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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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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’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.
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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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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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Your life must focus on the maximization of objectivity.
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Never, ever, think about something else when you should be thinking about the power of incentives.
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Knowing what you don’t know is more useful than being brilliant.
CHARLIE MUNGER






