Charlie Munger Quotes

If the value of a company doesn’t just scream out at you, it’s too close.

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.

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

We don’t like trading agony for money

This is a good life lesson: getting the right people into your system is the most important thing you can do.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

If you don’t keep learning, other people will pass you by. Temperament alone won’t do it – you need a lot of curiosity for a long, long time.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

The game of life is the game of everlasting learning. At least it is if you want to win.

I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.