All I want to know is where I’m going to die, so I’ll never go there.
CHARLIE MUNGERWe don’t like trading agony for money
More Charlie Munger Quotes
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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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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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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.
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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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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
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The big money is not in the buying and selling, but in the waiting.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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Intelligent people make decisions based on opportunity costs.
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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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Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.
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To the man with only a hammer, every problem looks like a nail.
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When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
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Great investing requires a lot of delayed gratification.
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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
CHARLIE MUNGER