We don’t like trading agony for money
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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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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If you can buy the best companies, over time the pricing takes care of itself.
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There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
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Knowing what you don’t know is more useful than being brilliant.
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Never, ever, think about something else when you should be thinking about the power of incentives.
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Go to bed smarter than when you woke up.
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Opportunity comes to the prepared mind.
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
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Acknowledging what you don’t know is the dawning of 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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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.
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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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All I want to know is where I’m going to die, so I’ll never go there.
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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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Someone will always be getting richer faster than you. This is not a tragedy.
CHARLIE MUNGER