The safest way to get what you want is to deserve what you want.
CHARLIE MUNGERStep by step you get ahead, but rarely in fast spurts.
More Charlie Munger Quotes
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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.
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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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Go to bed smarter than when you woke up.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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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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If the value of a company doesn’t just scream out at you, it’s too close.
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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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Hard work, honesty, if you keep at it, will get you almost anything.
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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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Intelligent people make decisions based on opportunity costs.
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Investing is where you find a few great companies and then sit on your ass.
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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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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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A great business at a fair price is superior to a fair business at a great price.
CHARLIE MUNGER -
Acknowledging what you don’t know is the dawning of wisdom.
CHARLIE MUNGER