charlie munger quotes
Explore profound insights and timeless wisdom with a collection of Charlie Munger quotes. Gain valuable perspectives on life and investing. Discover the brilliance of Charlie Munger’s thoughts.
charlie munger quotes
EMPOWERING YOU: 100 EMBRACE SELF-LOVE WITH YOU ARE ENOUGH QUOTES
“Spend each day trying to be a little wiser than you were when you woke up.”
“In my whole life, I have known no wise people who didn’t read all the time.”
“The best thing a human being can do is to help another human being know more.”
“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.”
“The big money is not in the buying and selling, but in the waiting.”
“The game of life is the game of everlasting learning. At least it is if you want to win.”
“It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”
“The best way to get what you want is to deserve what you want.”
“All I want to know is where I’m going to die so I’ll never go there.”
“The desire to get rich fast is pretty dangerous.”
“The first rule of a happy life is low expectations.”
“A great business at a fair price is superior to a fair business at a great price.”
“I think track records are very important.”
“The best armor of old age is a well-spent life preceding it.”
“Simplicity has a way of improving performance through enabling us to better understand what we are doing.”
“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”
“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.”
“The best thing that happens to us is when a great company gets into temporary trouble… We want to buy them when they’re on the operating table.”
“We have three baskets for investing: yes, no, and too tough to understand.”
“There’s danger in just shoveling out money to people who say, ‘My life is a little harder than it used to be, so please, above all, sympathize with me.'”
“The models we use [for investment] are very far from physics.”
“A great virtue of a rationality is that it is self-correcting.”
“The big money is not in the buying and selling but in the waiting.”
“I never allow myself to hold an opinion on anything that I don’t know the other side’s argument better than they do.”
“The best thing a human being can do is to help another human being know more.”
“The investment world has become much more like show business, and there are many more stock pickers who are actors.”
“We have to deal in things we’re capable of understanding.”
“You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced.”
“Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.”
“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.”
“If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.”
“People calculate too much and think too little.”
“I have a name for people who went to the extreme efficient market theory—which is “bonkers.” It was an intellectually consistent theory that enabled them to do pretty mathematics.”
“When you’re in debt, you’re a slave to a hostile master.”
“The best thing that could happen to anybody is to be raised in a poor family that’s highly literate, where the father is a sensible, hardworking guy.”
“You have to be able to handle a lot of mistakes. You have to be able to play terrible suffering odds.”
“A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.”
“You don’t need to be brilliant, only a tiny bit wiser than the other guy, on average, for a long, long time.”
“In the 20th century, we learned to our detriment that competent, rational professionals regularly produced irrational consequences. It was so extreme, and so common, that it became a social scandal.”
“Warren [Buffett] and I have not made our way in life by making successful macroeconomic predictions and betting on our conclusions.”
“We have a higher percentage of our costs invested in people. Not only is that a better way to run an investment operation, it’s a better way to run a civilization.”
“To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.”
“To the man with only a hammer, every problem looks pretty much like a nail.”
“To some extent, a lot of wisdom is just knowing what you don’t know.”
“The pendulum of human nature will swing back and the old virtues will be revived, sooner or later.”
“The most extreme mistakes in capitalism will come when people forget the idea of value and just want to get rich fast.”
“If you keep learning all the time, you have a huge advantage.”
“I don’t think it’s hard to make money in the market. Anyone can make money in the market.”
“We both [Charlie Munger and Warren Buffett] insist on a lot of time being available almost every day to just sit and think.”
“When any guy offers you a chance to earn lots of money without risk, don’t listen to the rest of his sentence. Follow this, and you’ll save yourself a lot of misery.”