People Quotes by Charlie Munger

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

— Charlie Munger

There are always people who will be better at some thing than you are.

— Charlie Munger

Intelligent people make decisions based on opportunity costs.

— Charlie Munger

Most people don't grab the right ideas or don't know what to do with them.

— Charlie Munger

People calculate too much and think too little.

— Charlie Munger

People always underestimate the ability of earth to increase its carrying capacity.

— Charlie Munger

Organized common (or uncommon) sense -- very basic knowledge -- is an enormously powerful tool. There are huge dangers with computers. People…

— Charlie Munger

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.

— Charlie Munger

If we've been a little more successful than other people, is because we always realised that the school of life was always…

— Charlie Munger

It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying…

— Charlie Munger

To me, it's obvious that the winner has to bet very selectively. It's been obvious to me since very early in life.…

— Charlie Munger

I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.

— Charlie Munger

Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and…

— Charlie Munger

We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in…

— Charlie Munger

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of…

— Charlie Munger

I think that if you have a single payer system and an opt-out for people who want to pay more [for better…

— Charlie Munger

Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the…

— Charlie Munger

There are a lot of things in life way more important than money. All that said, some people do get confused. I…

— Charlie Munger

I think people who multitask pay a huge price. They think they're being extra productive, and I think when you multitask so…

— Charlie Munger

A lot of people think if you just had more process and more compliance -- checks and doublechecks and so forth --…

— Charlie Munger

Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to…

— Charlie Munger

I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory…

— Charlie Munger

The ethical rule is from Samuel Johnson who believed that maintenance of easily removable ignorance by a responsible office holder was treacherous…

— Charlie Munger

The Berkshire-style investors tend to be less diversified than other people. The academics have done a terrible disservice to intelligent investors by…

— Charlie Munger

The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic…

— Charlie Munger

...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much…

— Charlie Munger

Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in…

— Charlie Munger

I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over…

— Charlie Munger

Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy…

— Charlie Munger

I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition…

— Charlie Munger

You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t…

— Charlie Munger

I'm very pleased when the smartest people come [to the U.S.] and almost never pleased when the very bottom of the mental…

— Charlie Munger

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…

— Charlie Munger

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

— Charlie Munger

If you don't keep learning, other people will pass you by. Temperament alone won't do it - you need a lot of…

— Charlie Munger

If people tell you what you really don't want to hear what's unpleasant-there's an almost automatic reaction of antipathy. You have to…

— Charlie Munger

It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get…

— Charlie Munger

I think gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939, but…

— Charlie Munger

The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.

— Charlie Munger

It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.

— Charlie Munger