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.
CHARLIE MUNGERI 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.
More Charlie Munger Quotes
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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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The safest way to get what you want is to deserve what you want.
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Show me the incentive and I will show you the outcome.
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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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There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.
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The way to win is to work, work, work, work and hope to have a few insights And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.
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Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.
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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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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.
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Step by step you get ahead, but rarely in fast spurts.
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The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
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A lot of our respected financial institutions are just casinos in drag.
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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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We have found in a long life that one competitor is frequently enough to ruin a business.
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Someone will always be getting richer faster than you. This is not a tragedy.
CHARLIE MUNGER