The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
CHARLIE MUNGERPeople always underestimate the ability of earth to increase its carrying capacity.
More Charlie Munger Quotes
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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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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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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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The best thing a human being can do is to help another human being know more.
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I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
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I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
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A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”
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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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Step by step you get ahead, but rarely in fast spurts.
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Someone will always be getting richer faster than you. This is not a tragedy.
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You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here.
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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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Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
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If you can buy the best companies, over time the pricing takes care of itself.
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It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
CHARLIE MUNGER