If you can buy the best companies, over time the pricing takes care of itself.
CHARLIE MUNGERPeople always underestimate the ability of earth to increase its carrying capacity.
More Charlie Munger Quotes
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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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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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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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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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Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.
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Investing is where you find a few great companies and then sit on your ass.
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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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A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
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Show me the incentive and I will show you the outcome.
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The best thing a human being can do is to help another human being know more.
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It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
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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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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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To the man with only a hammer, every problem looks like a nail.
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We don’t like trading agony for money
CHARLIE MUNGER






