Step by step you get ahead, but rarely in fast spurts.
CHARLIE MUNGERI’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.
More Charlie Munger Quotes
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
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Never, ever, think about something else when you should be thinking about the power of incentives.
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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 big money is not in the buying and selling, but in the waiting.
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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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Great investing requires a lot of delayed gratification.
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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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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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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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Someone will always be getting richer faster than you. This is not a tragedy.
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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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To the man with only a hammer, every problem looks like a nail.
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I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
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If you can buy the best companies, over time the pricing takes care of itself.
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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.
CHARLIE MUNGER