I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
CHARLIE MUNGERI 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.
More Charlie Munger Quotes
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The best thing a human being can do is to help another human being know more.
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It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
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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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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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Opportunity comes to the prepared mind.
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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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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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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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The safest way to get what you want is to deserve what you want.
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Intelligent people make decisions based on opportunity costs.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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Someone will always be getting richer faster than you. This is not a tragedy.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
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It’s not greed that drives the world, but envy.
CHARLIE MUNGER






