It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
CHARLIE MUNGERThe safest way to get what you want is to deserve what you want.
More Charlie Munger Quotes
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Step by step you get ahead, but rarely in fast spurts.
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If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
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Acknowledging what you don’t know is the dawning of wisdom.
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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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To the man with only a hammer, every problem looks like a nail.
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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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Someone will always be getting richer faster than you. This is not a tragedy.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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Go to bed smarter than when you woke up.
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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.
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If you can buy the best companies, over time the pricing takes care of itself.
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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.
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If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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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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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 MUNGER