The best thing a human being can do is to help another human being know more.
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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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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Hard work, honesty, if you keep at it, will get you almost anything.
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The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
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We have found in a long life that one competitor is frequently enough to ruin a business.
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Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.
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Knowing what you don’t know is more useful than being brilliant.
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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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I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.
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The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple.
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Someone will always be getting richer faster than you. This is not a tragedy.
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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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Go to bed smarter than when you woke up.
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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.
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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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Never, ever, think about something else when you should be thinking about the power of incentives.
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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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All I want to know is where I’m going to die, so I’ll never go there.
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To the man with only a hammer, every problem looks like a nail.
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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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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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A lot of our respected financial institutions are just casinos in drag.
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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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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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Opportunity comes to the prepared mind.
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It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.
CHARLIE MUNGER