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.
CHARLIE MUNGERI did not succeed in life by intelligence. I succeeded because I have a long attention span.
More Charlie Munger Quotes
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Hard work, honesty, if you keep at it, will get you almost anything.
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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 try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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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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Opportunity comes to the prepared mind.
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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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The big money is not in the buying and selling, but in the waiting.
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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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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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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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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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Someone will always be getting richer faster than you. This is not a tragedy.
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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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Knowing what you don’t know is more useful than being brilliant.
CHARLIE MUNGER