The best thing a human being can do is to help another human being know more.
CHARLIE MUNGEROur experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.
More Charlie Munger Quotes
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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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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
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People always underestimate the ability of earth to increase its carrying capacity.
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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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A lot of our respected financial institutions are just casinos in drag.
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We don’t like trading agony for money
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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
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It’s not greed that drives the world, but envy.
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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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If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
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Go to bed smarter than when you woke up.
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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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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
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Your life must focus on the maximization of objectivity.
CHARLIE MUNGER






