Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
CHARLIE MUNGERAll I want to know is where I’m going to die, so I’ll never go there.
More Charlie Munger Quotes
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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 wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
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There is bound to be a regression toward the mean.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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The big money is not in the buying and selling, but in the waiting.
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The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple.
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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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Opportunity comes to the prepared mind.
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I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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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?”
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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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If you can buy the best companies, over time the pricing takes care of itself.
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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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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
CHARLIE MUNGER