The safest way to get what you want is to deserve what you want.
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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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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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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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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A lot of our respected financial institutions are just casinos in drag.
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The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
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Go to bed smarter than when you woke up.
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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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If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
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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.
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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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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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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.
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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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The best thing a human being can do is to help another human being know more.
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If the value of a company doesn’t just scream out at you, it’s too close.
CHARLIE MUNGER






