Advantage Quote by Charlie Munger
“Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices.”
About This Quote
Source Speech: Annual Shareholder Meeting, 2023
Investing with confidence means buying more when you trust your judgment, not just averaging down.
In simple terms: Buy more when confident, not just when prices fall.
Trust your analysis, act decisively.
Themes
Mood
Type
When to use this quote
- stock buying
- portfolio rebalancing
- market downturns
- confidence building
Key Concepts
Questions to Reflect On
- How do you assess confidence in a decision?
- When should you hold vs. add to a position?
Overconfidence can lead to large losses if judgment is wrong.