The game of life is the game of everlasting learning. At least it is if you want to win.
CHARLIE MUNGERYou’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.
More Charlie Munger Quotes
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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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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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If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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The safest way to get what you want is to deserve what you want.
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Go to bed smarter than when you woke up.
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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.
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Your life must focus on the maximization of objectivity.
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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
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We don’t like trading agony for money
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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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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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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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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.
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There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.
CHARLIE MUNGER