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.
CHARLIE MUNGERThe big money is not in the buying and selling, but in the waiting.
More Charlie Munger Quotes
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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
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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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We don’t like trading agony for money
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It’s a good habit to trumpet your failures and be quiet about your successes.
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A lot of our respected financial institutions are just casinos in drag.
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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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People always underestimate the ability of earth to increase its carrying capacity.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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Knowing what you don’t know is more useful than being brilliant.
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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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Acknowledging what you don’t know is the dawning of wisdom.
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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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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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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.
CHARLIE MUNGER