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.
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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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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Step by step you get ahead, but rarely in fast spurts.
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People always underestimate the ability of earth to increase its carrying capacity.
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Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
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I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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It’s not greed that drives the world, but envy.
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Investing is where you find a few great companies and then sit on your ass.
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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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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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The average result has to be the average result. By definition, everybody can’t beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That’s just the way it is.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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Opportunity comes to the prepared mind.
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To the man with only a hammer, every problem looks like a nail.
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A lot of our respected financial institutions are just casinos in drag.
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Intelligent people make decisions based on opportunity costs.
CHARLIE MUNGER