Your life must focus on the maximization of objectivity.
CHARLIE MUNGERJust avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
More Charlie Munger Quotes
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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
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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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Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
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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 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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Opportunity comes to the prepared mind.
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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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Acknowledging what you don’t know is the dawning of wisdom.
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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.
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Investing is where you find a few great companies and then sit on your ass.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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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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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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Go to bed smarter than when you woke up.
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Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.
CHARLIE MUNGER