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.
CHARLIE MUNGER
CHARLIE MUNGER
Charlie Munger on average
Charlie Munger83 quotes“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.”
More from Charlie Munger
It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
Charlie MungerCharlie Munger A great business at a fair price is superior to a fair business at a great price.
Charlie MungerCharlie Munger It’s a good habit to trumpet your failures and be quiet about your successes.
Charlie MungerCharlie Munger Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.
Charlie MungerCharlie Munger Hard work, honesty, if you keep at it, will get you almost anything.
Charlie MungerCharlie Munger It’s not greed that drives the world, but envy.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger Step by step you get ahead, but rarely in fast spurts.
Charlie MungerCharlie Munger Someone will always be getting richer faster than you. This is not a tragedy.
Charlie MungerCharlie Munger Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
Charlie MungerCharlie Munger If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
Charlie MungerCharlie Munger It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.
Charlie MungerCharlie Munger 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.
Charlie MungerCharlie Munger It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
Charlie MungerCharlie Munger
Original quotes
From our community writers
In this wilderness, Mankind is the animal I fear.
Addison SchmittAddison Schmitt The irony is that he broke the only person he never wanted to hurt.
Krishan PandeyKrishan Pandey I will wait, I am waiting, and I will love you with all the love I posses until this body is ash and I begin my search for you again.
Tyler Knott GregsonTyler Knott Gregson Nothing is permanent not even your pain.
Taj AroraTaj Arora Do not insist me to let you go, you come half hearted like a crescent moon, and you go heart-filled like a full moon which glows.
Nikita GandhiNikita Gandhi I want to fold you into my book, like a petal, so that you’d never leave.
Mira R. AridiMira R. Aridi It seems strange how we look in the same mirror, yet what stares back, is so painfully different.
Chris AllchinChris Allchin Do not measure yourself by success, failure, or a degree. Measure your life by the dreams you have.
Natalie MooneyNatalie Mooney
Meet the writers
More on average
In some cases, you have been lending out your love to those that are used to taking in something ordinary or average, extraordinary and extraterrestrial would always be too much to handle.
Diary S.HDiary S.H Show me a man of average ability but extraordinary desire and I will show you a winner everytime.
Andrew CarnegieAndrew Carnegie I always inspired by the doubt of being an average person.
Little PaulsonLittle Paulson I can reach people the average person can’t reach because I’m as grounded as I am.
DMXDMX You truly are the average of the 5 people you surround yourself with.
Tom MetcafeTom Metcafe Average people can’t stand with people who are chasing success.
Laura CleggLaura Clegg Intelligent individuals learn from every thing and every one; average people, from their experiences. The stupid already have all the answers.
SocratesSocrates I am only an average man, but by George, I work harder at it than the average man.
Theodore RooseveltTheodore Roosevelt