It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
CHARLIE MUNGERI’m right, and you’re smart, and sooner or later you’ll see I’m right.
More Charlie Munger Quotes
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The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
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If 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.
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Hard work, honesty, if you keep at it, will get you almost anything.
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Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
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If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.
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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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The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.
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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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Someone will always be getting richer faster than you. This is not a tragedy.
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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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Never, ever, think about something else when you should be thinking about the power of incentives.
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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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A great business at a fair price is superior to a fair business at a great price.
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Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.
CHARLIE MUNGER