Advantage Quotes by Charlie Munger

11 Advantage quotes by Charlie Munger

All Advantage quotes Charlie Munger’s page

Munger’s counsel often feels like a quiet nudge toward smarter thinking. Across eleven brief statements, he shares his trademark blend of rigor and humor, pointing out how a disciplined mind can carve out a lasting edge.

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Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet…

Charlie Munger

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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

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The tax code gives you an enormous advantage if you can find some things you can just sit with.

Charlie Munger

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Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens,…

Charlie Munger

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We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices.…

Charlie Munger

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The number one idea is to view a stock as an ownership of the business and to judge the staying quality of…

Charlie Munger

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While no real money came down, my family gave me a good education and a marvelous example of how people should behave,…

Charlie Munger

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there are all kinds of wonderful new inventions that give you nothing as owners except the opportunity to spend a lot more…

Charlie Munger

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[In picking stocks] You really have to know a lot about business. You have to know a lot about competitive advantage. You…

Charlie Munger

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When we were young, there weren't very many smart people in the investment world. You should have seen the people in the…

Charlie Munger

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It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper…

Charlie Munger

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More by Charlie Munger

Almost all good businesses engage in 'pain today, gain tomorrow' activities.

Charlie Munger

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If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well…

Charlie Munger

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Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…

Charlie Munger

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I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned…

Charlie Munger

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

Charlie Munger

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The tax code gives you an enormous advantage if you can find some things you can just sit with.

Charlie Munger

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The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…

Charlie Munger

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Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…

Charlie Munger

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They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good…

Charlie Munger

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What good is envy? It’s the one sin you can’t have any fun at.

Charlie Munger

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We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…

Charlie Munger