Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
CHARLIE MUNGERIt is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
More Charlie Munger Quotes
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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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The best thing a human being can do is to help another human being know more.
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We don’t like trading agony for money
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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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Hard work, honesty, if you keep at it, will get you almost anything.
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If you can buy the best companies, over time the pricing takes care of itself.
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The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
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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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A lot of our respected financial institutions are just casinos in drag.
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The safest way to get what you want is to deserve what you want.
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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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We try more to profit from always remembering the obvious than from grasping the esoteric.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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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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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
CHARLIE MUNGER