Mistake Quotes by Charlie Munger

13 Mistake quotes by Charlie Munger

All Mistake quotes Charlie Munger’s page

Charlie Munger presents 13 sharp observations about the role of errors in rational judgment. The compact set serves as a reminder to keep thinking clear when missteps arise.

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Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.

Charlie Munger

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

Charlie Munger

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Forgetting your mistakes is a terrible error if you are trying to improve your cognition.

Charlie Munger

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Our biggest mistakes, were things we didn't do, companies we didn't buy.

Charlie Munger

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After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity…

Charlie Munger

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I like people admitting they were complete stupid horses' asses. I know I'll perform better if I rub my nose in my…

Charlie Munger

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Since those don’t hit financial reports, the opportunities you had but didn’t accept, most people don’t bother thinking about them very much.…

Charlie Munger

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There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get…

Charlie Munger

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Where you have complexity, by nature you can have fraud and mistakes. You'll have more of that than in a company that…

Charlie Munger

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...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

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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

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Chris Davis [of the Davisfunds] has a temple of shame. He celebrates the things they did that lost them a lot of…

Charlie Munger

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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…

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