Show me the incentive and I will show you the outcome.
CHARLIE MUNGERI try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
More Charlie Munger Quotes
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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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Step by step you get ahead, but rarely in fast spurts.
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Go to bed smarter than when you woke up.
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I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
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Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.
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Intelligent people make decisions based on opportunity costs.
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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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The big money is not in the buying and selling, but in the waiting.
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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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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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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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Hard work, honesty, if you keep at it, will get you almost anything.
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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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It’s been my experience in life if you just keep thinking and reading, you don’t have to work.
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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.
CHARLIE MUNGER






