This is a good life lesson: getting the right people into your system is the most important thing you can do.
CHARLIE MUNGERThis is a good life lesson: getting the right people into your system is the most important thing you can do.
CHARLIE MUNGERKnowing what you don’t know is more useful than being brilliant.
CHARLIE MUNGERI don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
CHARLIE MUNGERIt’s a good habit to trumpet your failures and be quiet about your successes.
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.
CHARLIE MUNGERThe more hard lessons you can learn vicariously rather than through your own hard experience, the better.
CHARLIE MUNGERYou must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
CHARLIE MUNGERThere are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.
CHARLIE MUNGERThe iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
CHARLIE MUNGERIt’s not greed that drives the world, but envy.
CHARLIE MUNGERA lot of our respected financial institutions are just casinos in drag.
CHARLIE MUNGERA great business at a fair price is superior to a fair business at a great price.
CHARLIE MUNGERAcknowledging what you don’t know is the dawning of wisdom.
CHARLIE MUNGERWe try more to profit from always remembering the obvious than from grasping the esoteric.
CHARLIE MUNGERIn my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGERShow me the incentive and I will show you the outcome.
CHARLIE MUNGER