There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
CHARLIE MUNGERMost people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
More Charlie Munger Quotes
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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The best thing a human being can do is to help another human being know more.
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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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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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If you can buy the best companies, over time the pricing takes care of itself.
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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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Your life must focus on the maximization of objectivity.
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The way to win is to work, work, work, work and hope to have a few insights And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.
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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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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 think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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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.
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It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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Someone will always be getting richer faster than you. This is not a tragedy.
CHARLIE MUNGER