I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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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All I want to know is where I’m going to die, so I’ll never go there.
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Opportunity comes to the prepared mind.
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Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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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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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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The best thing a human being can do is to help another human being know more.
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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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Go to bed smarter than when you woke up.
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People always underestimate the ability of earth to increase its carrying capacity.
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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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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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It’s not greed that drives the world, but envy.
CHARLIE MUNGER