« All All Quotes · Charlie Munger's Page
All Quotes by Charlie Munger
- 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…
- All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
- 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…
- Almost all good businesses engage in 'pain today, gain tomorrow' activities.
- In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none, zero.…
- There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year. The second earns…
- All I want to know is where I’m going to die, so I’ll never go there
- It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and…
- It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given…
- You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few. Most people are…
- The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to…
- 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…
- 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…
- We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the…
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- Total loyalty is possible only when fidelity is emptied of all concrete content, from which changes of mind might naturally arise. — Hannah Arendt
- No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has… — Hannah Arendt
- The ultimate end of human acts is eudaimonia, happiness in the sense of living well, which all men desire; all acts are… — Hannah Arendt
- The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes amounts to… — Hannah Arendt
- Where all are guilty, no one is; confessions of collective guilt are the best possible safeguard against the discovery of culprits, and… — Hannah Arendt
- We have almost succeeded in leveling all human activities to the common denominator of securing the necessities of life and providing for… — Hannah Arendt
- I keep my friends as misers do their treasure, because, of all the things granted us by wisdom, none is greater or… — Pietro Aretino
- We must all make peace so that we can all live in peace. — Jean-Bertrand Aristide
- The spirit of Ubuntu, that once led Haiti to emerge as the first independent black nation in 1804, helped Venezuela, Colombia and… — Jean-Bertrand Aristide
- As we all know, many people remain buried under tons of rubble and debris, waiting to be rescued. When we think of… — Jean-Bertrand Aristide
- Wise people, even though all laws were abolished, would still lead the same life. — Aristophanes
- A friend to all is a friend to none. — Aristotle