It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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Step by step you get ahead, but rarely in fast spurts.
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A lot of our respected financial institutions are just casinos in drag.
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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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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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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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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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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.
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Someone will always be getting richer faster than you. This is not a tragedy.
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The big money is not in the buying and selling, but in the waiting.
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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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We don’t like trading agony for money
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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
CHARLIE MUNGER