Best Charlie Munger Lines
- You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time. Average
- It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene,… Deferred
- I did not succeed in life by intelligence. I succeeded because I have a long attention span. Attention
- A lot of our respected financial institutions are just casinos in drag. Casinos
- If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer… Answer
- Great investing requires a lot of delayed gratification. Delayed
- A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business Business
- In fact I've probably never seen such a wide moat. Fact
- A great business at a fair price is superior to a fair business at a great price. Business
- One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year… All
- You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas. Argument
- Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk… Capital
- Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Both
- If you have competence, you know the edge. It wouldnt be a competence if you didnt know where the boundaries lie. Asking whether youve passed… Answers
- The only way to win is to work, work, work, work, and hope to have a few insights Few
- I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out… Adapting
- Personally, I’ve gotten so that I now use a kind of two-track analysis. First, what are the factors that really govern the interests involved, rationally… Analysis
- Practically everybody (1) overweighs the stuff that can be numbered, because it yields to the statistical techniques they’re taught in academia, and (2) doesn’t mix… Academia
- We’re partial to putting out large amounts of money where we won’t have to make another decision. Amounts
- There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can… Adequate
- Organized common (or uncommon) sense -- very basic knowledge -- is an enormously powerful tool. There are huge dangers with computers. People calculate too much… Basic
- Obviously if you want to get good at something which is competitive, you have to think about it and practice a lot. You have to… Almost Never
- A business model that relies on trickery is doomed to fail. Business
- You have a real asset-price bubble in places like parts of California and the suburbs of Washington, D.C. Asset
- You're not going to get very far in life based on what you already know. You're going to advance in life by what you're going… Advance
More Ways to Read Charlie Munger Quotes
- Best Charlie Munger Quotes (Charlie Munger Quotes)
- Best Charlie Munger Sayings (Charlie Munger Quotes)
- Best Charlie Munger Quotations (Charlie Munger Quotes)
- Best Charlie Munger Words (Charlie Munger Quotes)
- Best Charlie Munger Thoughts (Charlie Munger Quotes)