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.
CHARLIE MUNGERThe game of life is the game of everlasting learning. At least it is if you want to win.
More Charlie Munger Quotes
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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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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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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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There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.
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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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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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All I want to know is where I’m going to die, so I’ll never go there.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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Show me the incentive and I will show you the outcome.
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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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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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To the man with only a hammer, every problem looks like a nail.
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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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If the value of a company doesn’t just scream out at you, it’s too close.
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We don’t like trading agony for money
CHARLIE MUNGER