Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
CHARLIE MUNGERWhenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
More Charlie Munger Quotes
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Great investing requires a lot of delayed gratification.
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A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
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I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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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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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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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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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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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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When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
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We don’t like trading agony for money
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Hard work, honesty, if you keep at it, will get you almost anything.
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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
CHARLIE MUNGER -
I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.
CHARLIE MUNGER