The game of life is the game of everlasting learning. At least it is if you want to win.
CHARLIE MUNGERTo the man with only a hammer, every problem looks like a nail.
More Charlie Munger Quotes
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Your life must focus on the maximization of objectivity.
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There 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 MUNGER -
I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
CHARLIE MUNGER -
Opportunity comes to the prepared mind.
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If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
CHARLIE MUNGER -
All I want to know is where I’m going to die, so I’ll never go there.
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A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
CHARLIE MUNGER -
It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
CHARLIE MUNGER -
In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGER -
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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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
CHARLIE MUNGER -
I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.
CHARLIE MUNGER -
This is a good life lesson: getting the right people into your system is the most important thing you can do.
CHARLIE MUNGER -
We have found in a long life that one competitor is frequently enough to ruin a business.
CHARLIE MUNGER -
Go to bed smarter than when you woke up.
CHARLIE MUNGER