Charlie Munger Quotes

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.

It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.

Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.

A great business at a fair price is superior to a fair business at a great price.

It’s a good habit to trumpet your failures and be quiet about your successes.

Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.

Hard work, honesty, if you keep at it, will get you almost anything.

It’s not greed that drives the world, but envy.

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.

Step by step you get ahead, but rarely in fast spurts.