Never, ever, think about something else when you should be thinking about the power of incentives.
CHARLIE MUNGERWhen you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’
More Charlie Munger Quotes
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The big money is not in the buying and selling, but in the waiting.
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Opportunity comes to the prepared mind.
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The best thing a human being can do is to help another human being know more.
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The safest way to get what you want is to deserve what you want.
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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 has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
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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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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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It’s a good habit to trumpet your failures and be quiet about your successes.
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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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The way to win is to work, work, work, work and hope to have a few insights And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.
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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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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
CHARLIE MUNGER






