It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
CHARLIE MUNGERThe safest way to get what you want is to deserve what you want.
More Charlie Munger Quotes
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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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A lot of our respected financial institutions are just casinos in drag.
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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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The safest way to get what you want is to deserve what you want.
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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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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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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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The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
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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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Never, ever, think about something else when you should be thinking about the power of incentives.
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Go to bed smarter than when you woke up.
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If 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.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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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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We don’t like trading agony for money
CHARLIE MUNGER






