In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGERYou must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
More Charlie Munger Quotes
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Intelligent people make decisions based on opportunity costs.
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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 can buy the best companies, over time the pricing takes care of itself.
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Never, ever, think about something else when you should be thinking about the power of incentives.
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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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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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The safest way to get what you want is to deserve what you want.
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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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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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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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Opportunity comes to the prepared mind.
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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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Your life must focus on the maximization of objectivity.
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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.
CHARLIE MUNGER