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.
CHARLIE MUNGERA great business at a fair price is superior to a fair business at a great price.
More Charlie Munger Quotes
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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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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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Go to bed smarter than when you woke up.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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Great investing requires a lot of delayed gratification.
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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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If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
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To me, it’s obvious that the winner has to bet very selectively. It’s been obvious to me since very early in life. I don’t know why it’s not obvious to very many other people.
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Knowing what you don’t know is more useful than being brilliant.
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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
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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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The safest way to get what you want is to deserve what you want.
CHARLIE MUNGER