Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
CHARLIE MUNGERThe iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
More Charlie Munger Quotes
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The best thing a human being can do is to help another human being know more.
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If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
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To the man with only a hammer, every problem looks like a nail.
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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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Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.
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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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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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Knowing what you don’t know is more useful than being brilliant.
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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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We try more to profit from always remembering the obvious than from grasping the esoteric.
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It’s a good habit to trumpet your failures and be quiet about your successes.
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In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
CHARLIE MUNGER