It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
CHARLIE MUNGERIt’s a good habit to trumpet your failures and be quiet about your successes.
More Charlie Munger Quotes
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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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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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We don’t like trading agony for money
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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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If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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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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The game of life is the game of everlasting learning. At least it is if you want to win.
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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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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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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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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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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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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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Acknowledging what you don’t know is the dawning of wisdom.
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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.
CHARLIE MUNGER