The best thing a human being can do is to help another human being know more.
CHARLIE MUNGERPeople always underestimate the ability of earth to increase its carrying capacity.
More Charlie Munger Quotes
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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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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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Opportunity comes to the prepared mind.
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Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
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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.
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There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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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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Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.
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Show me the incentive and I will show you the outcome.
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Hard work, honesty, if you keep at it, will get you almost anything.
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Investing is where you find a few great companies and then sit on your ass.
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How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
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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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A great business at a fair price is superior to a fair business at a great price.
CHARLIE MUNGER






