It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
CHARLIE MUNGERKnowing what you don’t know is more useful than being brilliant.
More Charlie Munger Quotes
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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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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.
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Intelligent people make decisions based on opportunity costs.
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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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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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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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There is bound to be a regression toward the mean.
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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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Acknowledging what you don’t know is the dawning of wisdom.
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All I want to know is where I’m going to die, so I’ll never go there.
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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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The safest way to get what you want is to deserve what you want.
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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGER -
A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
CHARLIE MUNGER