Step by step you get ahead, but rarely in fast spurts.
CHARLIE MUNGERIt’s been my experience in life if you just keep thinking and reading, you don’t have to work.
More Charlie Munger Quotes
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It’s not greed that drives the world, but envy.
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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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Investing is where you find a few great companies and then sit on your ass.
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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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Intelligent people make decisions based on opportunity costs.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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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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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.
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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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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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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 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 been my experience in life if you just keep thinking and reading, you don’t have to work.
CHARLIE MUNGER -
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.
CHARLIE MUNGER