Step by step you get ahead, but rarely in fast spurts.
CHARLIE MUNGERNever, ever, think about something else when you should be thinking about the power of incentives.
More Charlie Munger Quotes
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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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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 the value of a company doesn’t just scream out at you, it’s too close.
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The safest way to get what you want is to deserve what you want.
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If we’ve been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.
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Show me the incentive and I will show you the outcome.
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Never, ever, think about something else when you should be thinking about the power of incentives.
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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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You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.
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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 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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Hard work, honesty, if you keep at it, will get you almost anything.
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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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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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It’s a good habit to trumpet your failures and be quiet about your successes.
CHARLIE MUNGER