Step by step you get ahead, but rarely in fast spurts.
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 average result has to be the average result. By definition, everybody can’t beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That’s just the way it is.
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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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The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
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The big money is not in the buying and selling, but in the waiting.
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A great business at a fair price is superior to a fair business at a great price.
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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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The game of life is the game of everlasting learning. At least it is if you want to win.
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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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Your life must focus on the maximization of objectivity.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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All I want to know is where I’m going to die, so I’ll never go there.
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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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It’s not greed that drives the world, but envy.
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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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I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.
CHARLIE MUNGER