The best thing a human being can do is to help another human being know more.
CHARLIE MUNGERI 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.
More Charlie Munger Quotes
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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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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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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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.
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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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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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Someone will always be getting richer faster than you. This is not a tragedy.
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Acknowledging what you don’t know is the dawning of 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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People always underestimate the ability of earth to increase its carrying capacity.
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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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Your life must focus on the maximization of objectivity.
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Investing is where you find a few great companies and then sit on your ass.
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Intelligent people make decisions based on opportunity costs.
CHARLIE MUNGER






