Charlie Munger Quotes
- You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it…
- Spend each day trying to be a little wiser than you were when you woke up.
- I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying…
- It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very…
- Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
- All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
- You need to have a passionate interest in why things are happening. That cast of mind, kept over long periods, gradually improves your ability to…
- Understanding how to be a good investor makes you a better business manager and vice versa.
- Forgetting your mistakes is a terrible error if you are trying to improve your cognition.
- The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in…
- We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current.
- The game of life is the game of everlasting learning. At least it is if you want to win.
- 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…
- Your life must focus on the maximization of objectivity.
- We have a passion for keeping things simple.
- The harder you work, the more confidence you get. But you may be working hard on something that is false.
- Investing is where you find a few great companies and then sit on your ass.
- I constantly see people rise in life who are not the smartest -- sometimes not even the most diligent. But they are learning machines; they…
- The liabilities are always 100 percent good. It's the assets you have to worry about.
- A lot of people think if you just had more process and more compliance -- checks and doublechecks and so forth -- you could create…