This is a good life lesson: getting the right people into your system is the most important thing you can do.
CHARLIE MUNGERStep by step you get ahead, but rarely in fast spurts.
More Charlie Munger Quotes
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The best thing a human being can do is to help another human being know more.
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If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
CHARLIE MUNGER -
The safest way to get what you want is to deserve what you want.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
CHARLIE MUNGER -
Go to bed smarter than when you woke up.
CHARLIE MUNGER -
To the man with only a hammer, every problem looks like a nail.
CHARLIE MUNGER -
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.
CHARLIE MUNGER -
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.
CHARLIE MUNGER -
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
CHARLIE MUNGER -
If you can buy the best companies, over time the pricing takes care of itself.
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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 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.
CHARLIE MUNGER -
Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
CHARLIE MUNGER -
Your life must focus on the maximization of objectivity.
CHARLIE MUNGER -
The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
CHARLIE MUNGER