Hard work, honesty, if you keep at it, will get you almost anything.
CHARLIE MUNGERIf we’ve been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.
More Charlie Munger Quotes
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To the man with only a hammer, every problem looks like a nail.
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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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If you can buy the best companies, over time the pricing takes care of itself.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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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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I’m right, and you’re smart, and sooner or later you’ll see I’m right.
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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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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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Opportunity comes to the prepared mind.
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Someone will always be getting richer faster than you. This is not a tragedy.
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If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
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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.
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Great investing requires a lot of delayed gratification.
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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.
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Intelligent people make decisions based on opportunity costs.
CHARLIE MUNGER






