Hard work, honesty, if you keep at it, will get you almost anything.
CHARLIE MUNGEROur job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
More Charlie Munger Quotes
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How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
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If you don’t keep learning, other people will pass you by. Temperament alone won’t do it – you need a lot of curiosity for a long, long time.
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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 you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
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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.
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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 not greed that drives the world, but envy.
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Show me the incentive and I will show you the outcome.
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Great investing requires a lot of delayed gratification.
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I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.
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A lot of our respected financial institutions are just casinos in drag.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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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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It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
CHARLIE MUNGER






