If the value of a company doesn’t just scream out at you, it’s too close.
CHARLIE MUNGERIf the value of a company doesn’t just scream out at you, it’s too close.
CHARLIE MUNGERWe have found in a long life that one competitor is frequently enough to ruin a business.
CHARLIE MUNGERGreat investing requires a lot of delayed gratification.
CHARLIE MUNGERThe game of life is the game of everlasting learning. At least it is if you want to win.
CHARLIE MUNGERI’m right, and you’re smart, and sooner or later you’ll see I’m right.
CHARLIE MUNGERPeople always underestimate the ability of earth to increase its carrying capacity.
CHARLIE MUNGERThis is a good life lesson: getting the right people into your system is the most important thing you can do.
CHARLIE MUNGERYou don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
CHARLIE MUNGERGo to bed smarter than when you woke up.
CHARLIE MUNGERBull 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 MUNGERThe iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
CHARLIE MUNGERThe more hard lessons you can learn vicariously rather than through your own hard experience, the better.
CHARLIE MUNGERA 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?”
CHARLIE MUNGERAny year that you don’t destroy one of your best-loved ideas is probably a wasted year.
CHARLIE MUNGERWhenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
CHARLIE MUNGERThere is bound to be a regression toward the mean.
CHARLIE MUNGER