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Life Quotes by Charlie Munger

43 Life quotes by Charlie Munger

All Life quotes Charlie Munger’s page

A master plan that never existed is mentioned as a warning. The quotes stress that getting the right people into a system matters more than any detailed scheme. They also remind us that learning constantly and paying attention to opportunity cost keep us moving forward in life.

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The best armor of old age is a well-spent life preceding it.

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I did not succeed in life by intelligence. I succeeded because I have a long attention span.

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Your life must focus on the maximization of objectivity.

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

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The game of life is the game of everlasting learning. At least it is if you want to win.

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We have found in a long life that one competitor is frequently enough to ruin a business.

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There's no way that you can live an adequate life without making many mistakes.

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It's been my experience in life if you just keep thinking and reading, you don't have to work.

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When I run into a paradox I think either I'm a total horse's ass to have gotten to this point, or I'm…

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You're not going to get very far in life based on what you already know. You're going to advance in life by…

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Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

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If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life. Life…

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There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of…

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A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too…

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

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

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

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“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning…

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If any successes has come to me, it came because I insisted on thinking things through. That's all I was capable of…

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Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one…

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The general systems of money management [today] require people to pretend to do something they can't do and like something they don't.…

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You need a different checklist and different mental models for different companies. I can never make it easy by saying, 'Here are…

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Practically everybody (1) overweighs the stuff that can be numbered, because it yields to the statistical techniques they’re taught in academia, and…

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The average result has to be the average result. By definition, everybody can't beat the market. As I always say, the iron…

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As I continued through Cicero's pages, I found much more material celebrating my way of life.

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Those who keep learning, will keep rising in life

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Whoever makes you smarter a little earlier in life makes you better

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

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

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If you rise in life, you have to behave in a certain way. You can go to a strip club if you're…

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In my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound…

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Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation…

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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

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Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

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Without numerical fluency, in the part of life most of us inhibit, you are like a one-legged man in an ass-kicking contest.

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Why should it be easy to do something that, if done well, two or three times, will make your family rich for…

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I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and…

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If you're unhappy with what you've had over the last 50 years, you have an unfortunate misappraisal of life. It's as good…

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There's danger in just shoveling out money to people who say, 'My life is a little harder than it used to be.'…

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You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization.…

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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…

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

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

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

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

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

In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.

We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a…

I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…