To the man with only a hammer, every problem looks like a nail.
CHARLIE MUNGERWhy should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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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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 don’t like trading agony for money
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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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We have found in a long life that one competitor is frequently enough to ruin a business.
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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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I’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.
CHARLIE MUNGER -
A great business at a fair price is superior to a fair business at a great price.
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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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The average result has to be the average result. By definition, everybody can’t beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That’s just the way it is.
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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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It’s a good habit to trumpet your failures and be quiet about your successes.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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Hard work, honesty, if you keep at it, will get you almost anything.
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A lot of our respected financial institutions are just casinos in drag.
CHARLIE MUNGER