Hard work, honesty, if you keep at it, will get you almost anything.
CHARLIE MUNGERA lot of our respected financial institutions are just casinos in drag.
More Charlie Munger Quotes
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Intelligent people make decisions based on opportunity costs.
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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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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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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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A lot of our respected financial institutions are just casinos in drag.
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Investing is where you find a few great companies and then sit on your ass.
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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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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.
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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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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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Opportunity comes to the prepared mind.
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It’s not greed that drives the world, but envy.
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Step by step you get ahead, but rarely in fast spurts.
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The safest way to get what you want is to deserve what you want.
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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.
CHARLIE MUNGER