Ideas Quotes by Charlie Munger

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

— Charlie Munger

The idea of excessive diversification is madness.

— Charlie Munger

An idea or a fact is not worth more merely because it's more available to you.

— Charlie Munger

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

— Charlie Munger

It's not the bad ideas that do you in, but the good ones.

— Charlie Munger

If you can get really good at destroying your own wrong ideas, that is a great gift.

— Charlie Munger

If you can get good at destroying your own wrong ideas, that is a great gift.

— Charlie Munger

My idea of a good place to shop is Costco - it has these heavily marbled fillet steaks. The idea of eating…

— 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

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

— Charlie Munger

If you get into the mental habit of relating what you're reading to the basic structure of the underlying ideas being demonstrated,…

— Charlie Munger

You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.

— Charlie Munger

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

— Charlie Munger

The safest way to try to get what you want is to try to deserve what you want. It's such a simple…

— Charlie Munger

You have to realize the truth of biologist Julian Huxley's idea that 'Life is just one damn relatedness after another' "So you…

— Charlie Munger

It's very useful to have a good grasp of all the big ideas in hard and soft science. A, it gives perspective.…

— Charlie Munger

I got at a very early age, the idea that the safest way to try and get what you want, is to…

— Charlie Munger

I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more…

— Charlie Munger

I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane.…

— Charlie Munger

I always like it when someone attractive to me agrees with me, so I have fond memories of Phil Fisher. The idea…

— Charlie Munger

Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And…

— Charlie Munger

There are exceptional loyalties and there are old fashion ideas about how you get loyalties, and after all the auditorium is full…

— 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

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

— Charlie Munger

To finish first you have to first finish. Don't get in a position where you go back to go. What's interesting is…

— Charlie Munger

You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few.…

— Charlie Munger

Rationality is not just something you do so that you can make more money, it is a binding principle. Rationality is a…

— Charlie Munger

The idea of caring is that someone is making money faster [than you are] is one of the deadly sins. Envy is…

— Charlie Munger

For some odd reason, I had an early and extreme multidisciplinary cast of mind. I couldn't stand reaching for a small idea…

— Charlie Munger