All I want to know is where I’m going to die, so I’ll never go there.
CHARLIE MUNGERAll I want to know is where I’m going to die, so I’ll never go there.
CHARLIE MUNGEROur experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.
CHARLIE MUNGERIt’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.
CHARLIE MUNGERThere’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.
CHARLIE MUNGEROpportunity comes to the prepared mind.
CHARLIE MUNGERIf you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
CHARLIE MUNGERA 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?”
CHARLIE MUNGERThe safest way to get what you want is to deserve what you want.
CHARLIE MUNGERKnowing what you don’t know is more useful than being brilliant.
CHARLIE MUNGERThe best thing a human being can do is to help another human being know more.
CHARLIE MUNGERI 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.
CHARLIE MUNGERInvesting is where you find a few great companies and then sit on your ass.
CHARLIE MUNGERSomeone will always be getting richer faster than you. This is not a tragedy.
CHARLIE MUNGERWe have found in a long life that one competitor is frequently enough to ruin a business.
CHARLIE MUNGERA lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
CHARLIE MUNGERThere is bound to be a regression toward the mean.
CHARLIE MUNGER