Acknowledging what you don’t know is the dawning of wisdom.
CHARLIE MUNGERThe safest way to get what you want is to deserve what you want.
More Charlie Munger Quotes
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Go to bed smarter than when you woke up.
CHARLIE MUNGER -
The safest way to get what you want is to deserve what you want.
CHARLIE MUNGER -
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.
CHARLIE MUNGER -
Knowing what you don’t know is more useful than being brilliant.
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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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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.
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Someone will always be getting richer faster than you. This is not a tragedy.
CHARLIE MUNGER -
It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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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 -
I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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Our 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.
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If you don’t keep learning, other people will pass you by. Temperament alone won’t do it – you need a lot of curiosity for a long, long time.
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People always underestimate the ability of earth to increase its carrying capacity.
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If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
CHARLIE MUNGER