In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGERIt 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.
More Charlie Munger Quotes
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Intelligent people make decisions based on opportunity costs.
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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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Go to bed smarter than when you woke up.
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There is bound to be a regression toward the mean.
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Opportunity comes to the prepared mind.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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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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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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Investing is where you find a few great companies and then sit on your ass.
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Step by step you get ahead, but rarely in fast spurts.
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I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.
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It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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It’s not greed that drives the world, but envy.
CHARLIE MUNGER