If you can buy the best companies, over time the pricing takes care of itself.
CHARLIE MUNGERYou must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
More Charlie Munger Quotes
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It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.
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Great investing requires a lot of delayed gratification.
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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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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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Show me the incentive and I will show you the outcome.
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A great business at a fair price is superior to a fair business at a great price.
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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 best thing a human being can do is to help another human being know more.
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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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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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Investing is where you find a few great companies and then sit on your ass.
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Your life must focus on the maximization of objectivity.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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We have found in a long life that one competitor is frequently enough to ruin a business.
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I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
CHARLIE MUNGER