If you can buy the best companies, over time the pricing takes care of itself.
CHARLIE MUNGERThe safest way to get what you want is to deserve what you want.
More Charlie Munger Quotes
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Great investing requires a lot of delayed gratification.
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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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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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We have found in a long life that one competitor is frequently enough to ruin a business.
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You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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It 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.
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Someone will always be getting richer faster than you. This is not a tragedy.
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It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
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People always underestimate the ability of earth to increase its carrying capacity.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
CHARLIE MUNGER






