Charlie Munger Quotes

There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

The best thing a human being can do is to help another human being know more.

The more hard lessons you can learn vicariously rather than through your own hard experience, the better.

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.

Acknowledging what you don’t know is the dawning of wisdom.

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?”

There is bound to be a regression toward the mean.

You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.

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.