---
title: "28 Littles Quotes By Charlie Munger"
description: "28 Littles quotes by Charlie Munger. Plus more from Charlie Munger and more Littles sayings from other authors."
image: "https://sms4smile.com/quotes/i/986/charlie-munger-458_bad-man_good-businesses-can-survive-a-little-bad_697803.jpg"
---

> [Good businesses can survive a little bad management.](https://sms4smile.com/quotes/charlie-munger/good-businesses-can-survive-a-little-bad-management/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/986/charlie-munger-458_bad-man_good-businesses-can-survive-a-little-bad_697803.jpg)

> [People calculate too much and think too little.](https://sms4smile.com/quotes/charlie-munger/people-calculate-too-much-and-think-too-little/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/e10/charlie-munger-458_investing_people-calculate-too-much-and-think-too_1263725.jpg)

> [Whoever makes you smarter a little earlier in life makes you better](https://sms4smile.com/quotes/charlie-munger/whoever-makes-you-smarter-a-little-earlier-in-life-makes-you-better/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/48b/charlie-munger-458_funny_whoever-makes-you-smarter-a-little-earli_1002525.jpg)

> [Spend each day trying to be a little wiser than you were when you woke up.](https://sms4smile.com/quotes/charlie-munger/spend-each-day-trying-to-be-a-little-wiser-than-you-were-when-you/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/a4c/charlie-munger-458_each-day_spend-each-day-trying-to-be-a-little-wis_378211.jpg)

> [If (investing) weren't a little difficult, everybody would be rich.](https://sms4smile.com/quotes/charlie-munger/if-investing-weren-t-a-little-difficult-everybody-would-be-rich/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/e79/charlie-munger-458_difficult_if-investing-weren-t-a-little-difficult_919820.jpg)

> [The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting…](https://sms4smile.com/quotes/charlie-munger/the-world-of-derivatives-is-full-of-holes-that-very-few-people-are/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/bd0/charlie-munger-458_corners_the-world-of-derivatives-is-full-of-hole_506879.jpg)

> [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/777/charlie-munger-458_acquire_acquire-worldly-wisdom-and-adjust-your-b_15110.jpg)

> [Missing out on some opportunity never bothers us. What's wrong with someone getting a little richer than you? It's crazy to worry…](https://sms4smile.com/quotes/charlie-munger/missing-out-on-some-opportunity-never-bothers-us-what-s-wrong-with/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/272/charlie-munger-458_bother_missing-out-on-some-opportunity-never-bo_643889.jpg)

> [If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life. Life…](https://sms4smile.com/quotes/charlie-munger/if-all-you-succeed-in-doing-in-life-is-getting-rich-by-buying-little/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/034/charlie-munger-458_accumulation_if-all-you-succeed-in-doing-in-life-is-g_2887457.jpg)

> [You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.](https://sms4smile.com/quotes/charlie-munger/you-don-t-have-to-be-brilliant-only-a-little-bit-wiser-than-the-other/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/3fe/charlie-munger-458_average_you-don-t-have-to-be-brilliant-only-a-li_2812219.jpg)

> [If we've been a little more successful than other people, is because we always realised that the school of life was always…](https://sms4smile.com/quotes/charlie-munger/if-we-ve-been-a-little-more-successful-than-other-people-is-because/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/d9d/charlie-munger-458_behinds_if-we-ve-been-a-little-more-successful-t_1244781.jpg)

> [Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.](https://sms4smile.com/quotes/charlie-munger/develop-into-a-lifelong-self-learner-through-voracious-reading/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/19f/charlie-munger-458_curiosity_develop-into-a-lifelong-self-learner-thr_513807.jpg)

> [Organized common (or uncommon) sense -- very basic knowledge -- is an enormously powerful tool. There are huge dangers with computers. People…](https://sms4smile.com/quotes/charlie-munger/organized-common-or-uncommon-sense-very-basic-knowledge-is-an/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/382/charlie-munger-458_common_organized-common-or-uncommon-sense-very_466599.jpg)

> [ We don't have an isolated group \[of senior managers\] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came… ](https://sms4smile.com/quotes/charlie-munger/we-don-t-have-an-isolated-group-of-senior-managers-surrounded-by/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/274/charlie-munger-458_board-meetings_we-don-t-have-an-isolated-group-of-senio_2685453.jpg)

> [If you're going to be an investor, you're going to make some investments where you don't have all the experience you need.…](https://sms4smile.com/quotes/charlie-munger/if-you-re-going-to-be-an-investor-you-re-going-to-make-some/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/9bb/charlie-munger-458_certain_if-you-re-going-to-be-an-investor-you-re_685822.jpg)

> [Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of…](https://sms4smile.com/quotes/charlie-munger/berkshire-has-the-lowest-turnover-of-any-major-company-in-the-u-s-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/df3/charlie-munger-458_body_berkshire-has-the-lowest-turnover-of-any_2559093.jpg)

> [I constantly see people rise in life who are not the smartest -- sometimes not even the most diligent. But they are…](https://sms4smile.com/quotes/charlie-munger/i-constantly-see-people-rise-in-life-who-are-not-the-smartest-2/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/904/charlie-munger-458_bed_i-constantly-see-people-rise-in-life-who_1822561.jpg)

> [How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists…](https://sms4smile.com/quotes/charlie-munger/how-should-the-best-parts-of-psychology-and-economics-interrelate-in/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/d9c/charlie-munger-458_accommodate_how-should-the-best-parts-of-psychology_1059372.jpg)

> [Those of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes…](https://sms4smile.com/quotes/charlie-munger/those-of-us-who-have-been-very-fortunate-have-a-duty-to-give-back/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/1f7/charlie-munger-458_ask-me_those-of-us-who-have-been-very-fortunate_971586.jpg)

> [For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of…](https://sms4smile.com/quotes/charlie-munger/for-society-the-internet-is-wonderful-but-for-capitalists-it-will-be/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/424/charlie-munger-458_american-business_for-society-the-internet-is-wonderful-bu_500534.jpg)

> [...People need to ask, "How do I play the hand that has been dealt me?" The world is not going to give…](https://sms4smile.com/quotes/charlie-munger/people-need-to-ask-how-do-i-play-the-hand-that-has-been-dealt-me-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/95b/charlie-munger-458_asks_people-need-to-ask-how-do-i-play-the-han_503375.jpg)

> [We get these questions a lot from the enterprising young. It's a very intelligent question: You look at some old guy who's…](https://sms4smile.com/quotes/charlie-munger/we-get-these-questions-a-lot-from-the-enterprising-young-it-s-a-very/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/3de/charlie-munger-458_asks_we-get-these-questions-a-lot-from-the-en_1263548.jpg)

> [What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the…](https://sms4smile.com/quotes/charlie-munger/what-s-fascinating-is-that-you-could-now-have-a-business-that-might/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/0d7/charlie-munger-458_billions_what-s-fascinating-is-that-you-could-now_3193268.jpg)

> [If you have only a little capital and are young today, there are fewer opportunities than when I was young. Back then,…](https://sms4smile.com/quotes/charlie-munger/if-you-have-only-a-little-capital-and-are-young-today-there-are-fewer/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/b15/charlie-munger-458_abuse_if-you-have-only-a-little-capital-and-ar_949303.jpg)

> [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/604/charlie-munger-458_believe_we-believe-that-almost-all-really-good-i_47938.jpg)

> [The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of…](https://sms4smile.com/quotes/charlie-munger/the-possibility-that-stock-value-in-aggregate-can-become-irrationally/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/63a/charlie-munger-458_behavior_the-possibility-that-stock-value-in-aggr_2584033.jpg)

> [The cost of being a publicly traded stock has gone way, way up. It doesn't make sense for a little company to…](https://sms4smile.com/quotes/charlie-munger/the-cost-of-being-a-publicly-traded-stock-has-gone-way-way-up-it/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/eeb/charlie-munger-458_company_the-cost-of-being-a-publicly-traded-stoc_3017860.jpg)

> [You can hire your advisor and then just apply a windage factor, like I used to do when I was a rifle…](https://sms4smile.com/quotes/charlie-munger/you-can-hire-your-advisor-and-then-just-apply-a-windage-factor-like-i/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/1cf/charlie-munger-458_advisors_you-can-hire-your-advisor-and-then-just_1151041.jpg)

## Other authors on Littles

## More by Charlie Munger

> [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [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…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [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…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [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…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [ They \[Mc Donalds\] take people and give them a first job, which enables them to get a second job. They do a very good… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [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…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [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…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

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                        "text": "We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came back from Berkshire's board meeting; it had moved up to the board room of the Kiewit company and [it was so large and luxurious that] I felt uncomfortable.",
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                        "text": "If you're going to be an investor, you're going to make some investments where you don't have all the experience you need. But if you keep trying to get a little better over time, you'll start to make investments that are virtually certain to have a good outcome. The keys are discipline, hard work, and practice. It's like playing golf - you have to work on it.",
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                        "text": "Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so it isn't because of large holdings. It's because we have a really unusual shareholder body that thinks of itself as owners and not holders of little pieces of paper.",
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                        "text": "I constantly see people rise in life who are not the smartest -- sometimes not even the most diligent. But they are learning machines; they go to bed every night a little wiser than when they got up. And, boy, does that habit help, particularly when you have a long run ahead of you.",
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                        "text": "How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.",
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                        "text": "Those of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes along as I do or a little and then a lot [when one dies] as Warrendoes is a matter of personal preference. I would hate to have people ask me for money all day long.",
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                        "text": "For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.",
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                        "text": "...People need to ask, \"How do I play the hand that has been dealt me?\" The world is not going to give you extra return just because you want it. You have to be very shrewd and hard working to get a little extra. It's so much easier to reduce your wants. There are a lot of smart people and a lot of them cheat, so it's not easy to win.",
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                        "text": "We get these questions a lot from the enterprising young. It's a very intelligent question: You look at some old guy who's rich and you ask, 'How can I become like you, except faster?' Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts... Slug it out one inch at a time, day by day, at the end of the day -- if you live long enough -- most people get what they deserve.",
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                        "text": "What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.",
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                        "text": "If you have only a little capital and are young today, there are fewer opportunities than when I was young. Back then, we had just come out of a depression. Capitalism was a bad word. There had been abuses in the 1920s. A joke going around then was the guy who said, 'I bought stock for my old age and it worked - in six months, I feel like an old man!' \"It's tougher for you, but that doesn't mean you won't do well - it just may take more time. But what the heck, you may live longer.\"",
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                        "text": "We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good idea. And indeed, it's proven to be an obviously good idea. Yet 98% of the investing world doesn't follow it. That's been good for us.",
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                        "text": "The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form \"efficient market\" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by \"rational man\" models of human behavior from economics and too little by \"foolish man\" models from psychology and real-world experience.",
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                        "text": "The cost of being a publicly traded stock has gone way, way up. It doesn't make sense for a little company to be public anymore. A lot of little companies are going private to be rid of these burdensome requirements.",
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                        "text": "You can hire your advisor and then just apply a windage factor, like I used to do when I was a rifle shooter. I'd just adjust for so many miles an hour wind. Or you can learn the basic elements of your advisor's trade. You don't have to learn very much, by the way, because if you learn just a little then you can make him explain why he's right.",
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