More from Charlie Munger
People always underestimate the ability of earth to increase its carrying capacity.
Charlie MungerCharlie Munger Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.
Charlie MungerCharlie Munger I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
Charlie MungerCharlie Munger The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
Charlie MungerCharlie Munger In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger To me, it’s obvious that the winner has to bet very selectively. It’s been obvious to me since very early in life. I don’t know why it’s not obvious to very many other people.
Charlie MungerCharlie Munger Never, ever, think about something else when you should be thinking about the power of incentives.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
Charlie MungerCharlie Munger All I want to know is where I’m going to die, so I’ll never go there.
Charlie MungerCharlie Munger Go to bed smarter than when you woke up.
Charlie MungerCharlie Munger Investing is where you find a few great companies and then sit on your ass.
Charlie MungerCharlie Munger
Original quotes
From our community writers
They bleed not in the mouth but through their ink – indelible and dark.
Juana GarciaJuana Garcia I would rather shoot my arrows than keep them in my bow, I would rather risk it all than risk nothing at all.
ShamaShama I wish I knew then all of the things I know now that I am enough.
TMCTMC I feel like I’m on fire, fighting for a moment on respite – I’m not placing bets.
M.K. StandbyM.K. Standby I found him in all the chaos, and that was when my world started making sense again.
MoomerMoomer The judgement that people cast on you for how you do or do not appear is nothing more than just a projection of their own wounds.
Taj AroraTaj Arora Be grateful for what you have now, even if it’s not everything you wanted.
Sonia SabnisSonia Sabnis It seems strange how we look in the same mirror, yet what stares back, is so painfully different.
Chris AllchinChris Allchin
More on best
I surround myself with strong willed, courageous personalities, because I’ve got to be coached by the best.
Aeriel MirandaAeriel Miranda I acknowledge my beauty and my flaws, I do my best to keep it one hundred with the woman in the mirror so making friends is actually easy.
Aeriel MirandaAeriel Miranda Either black people end up being the best in sports, or else it’s show business. You know, we all got rhythm.
Diana RossDiana Ross I’m very organized – and the best thing – when you love your work.
Adriana TrigianiAdriana Trigiani Messi is the best player of all time. Better than Pele, better than Maradona and better than anyone else.
Adriano GallianiAdriano Galliani The best thing a man can do on a first date is be a friend.
Adrienne BailonAdrienne Bailon The devil gives the best first and the worst last, but the Lord saves the best for last.
Adrian RogersAdrian Rogers They are a part of every decision I make. They motivate me to be the best me.
Adriana LimaAdriana Lima