--- title: "Meaning & Key Takeaway of: Great investing requires a lot of delayed…" description: "\"Great investing requires a lot of delayed gratification.\" — Charlie Munger" image: "https://sms4smile.com/quotes/i/d77/charlie-munger-458_delayed_great-investing-requires-a-lot-of-delaye_387891.jpg" --- # Great investing requires a lot of delayed gratification. ![“Great investing requires a lot of delayed gratification.” quote by Charlie Munger](https://sms4smile.com/quotes/i/d77/charlie-munger-458_delayed_great-investing-requires-a-lot-of-delaye_387891.jpg) [Download](https://sms4smile.com/quotes/i/d77/charlie-munger-458_delayed_great-investing-requires-a-lot-of-delaye_387891.jpg) [Open image](https://sms4smile.com/quotes/i/d77/charlie-munger-458_delayed_great-investing-requires-a-lot-of-delaye_387891.jpg) > “Great investing requires a lot of delayed gratification.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Successful investing demands postponing immediate gratification for long‑term gains. **In simple terms:** Investing needs delayed gratification for success. Key Takeaway Prioritize long‑term returns. Themes finance patience strategy Mood pragmatic motivational Type advice financial When to use this quote - retirement planning - stock selection - budgeting Key Concepts behavioral economics compound interest Questions to Reflect On - What sacrifices are you willing to make? - How do you measure long‑term success? A Different Perspective May cause short‑term discomfort. ★ ★ ★ ★ ★ No ratings yet [Delayed](https://sms4smile.com/quotes/about/delayed/) [Delayed gratification](https://sms4smile.com/quotes/about/delayed-gratification/) [Gratification](https://sms4smile.com/quotes/about/gratification/) [Great Investing](https://sms4smile.com/quotes/about/great-investing-3505614/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investing Requires](https://sms4smile.com/quotes/about/investing-requires-329630/) [Procrastination](https://sms4smile.com/quotes/about/procrastination/) ## Related quotes > [“I’ve heard of delayed gratification, but do you think we could get to the good stuff any time soon.” ”](https://sms4smile.com/quotes/devon-herrera/i-ve-heard-of-delayed-gratification-but-do-you-think-we-could-get-to/) [Devon Herrera](https://sms4smile.com/quotes/author/devon-herrera/) > [Delayed gratification is the one thing we ignore these days. And if you delay it, it becomes more pleasurable later in life.](https://sms4smile.com/quotes/greg-gutfeld/delayed-gratification-is-the-one-thing-we-ignore-these-days-and-if/) [Greg Gutfeld](https://sms4smile.com/quotes/author/greg-gutfeld/) > [Delayed gratification is a sweet lesson whose teacher knows the best is not right now, it is yet to be.](https://sms4smile.com/quotes/maximillian-degenerez/delayed-gratification-is-a-sweet-lesson-whose-teacher-knows-the-best/) [Maximillian Degenerez](https://sms4smile.com/quotes/author/maximillian-degenerez/) > [Reading a novel in which all characters illustrate patience, hard work, chastity, and delayed gratification could be a pretty dull experience.](https://sms4smile.com/quotes/thomas-perry/reading-a-novel-in-which-all-characters-illustrate-patience-hard-work/) [Thomas Perry](https://sms4smile.com/quotes/author/thomas-perry/) > [Love is the wanting, and the having, and the choosing, and the becoming. Love is the desire to see the person we love be…](https://sms4smile.com/quotes/matthew-kelly/love-is-the-wanting-and-the-having-and-the-choosing-and-the-becoming/) [Matthew Kelly](https://sms4smile.com/quotes/author/matthew-kelly/) > [If there is one thing that marks families with money in the long term it is this: delayed gratification.](https://sms4smile.com/quotes/bill-bonner/if-there-is-one-thing-that-marks-families-with-money-in-the-long-term/) [Bill Bonner](https://sms4smile.com/quotes/author/bill-bonner/) > [To become grateful, I must learn that I can handle disappointment and delayed gratification with grace and perseverance. This is why practices such as…](https://sms4smile.com/quotes/john-ortberg/to-become-grateful-i-must-learn-that-i-can-handle-disappointment-and/) [John Ortberg](https://sms4smile.com/quotes/author/john-ortberg/) > [“If there is one thing that marks families with money over the long term it is this: delayed gratification.”](https://sms4smile.com/quotes/bill-bonner/if-there-is-one-thing-that-marks-families-with-money-over-the-long/) [Bill Bonner](https://sms4smile.com/quotes/author/bill-bonner/) > [All things come to those who wait,](https://sms4smile.com/quotes/violet-fane/all-things-come-to-those-who-wait/) [Violet Fane](https://sms4smile.com/quotes/author/violet-fane/) > [Parents who have been successful in acquiring more often have a difficult time saying no to the demands of overindulged children. Their children run…](https://sms4smile.com/quotes/h-david-burton/parents-who-have-been-successful-in-acquiring-more-often-have-a/) [H. David Burton](https://sms4smile.com/quotes/author/h-david-burton/) > [I came running down the stairs that morning, like it was Christmas. My parents were already up. In my family, presents never waited; they…](https://sms4smile.com/quotes/neal-shusterman/i-came-running-down-the-stairs-that-morning-like-it-was-christmas-my/) [Neal Shusterman](https://sms4smile.com/quotes/author/neal-shusterman/) > [Were talking about an attitude. Delayed gratification is there, planning, be able to give up something now to get something later.](https://sms4smile.com/quotes/joe-hill/were-talking-about-an-attitude-delayed-gratification-is-there/) [Joe Hill](https://sms4smile.com/quotes/author/joe-hill/) > [I suggest that those groups whose culture and values stress delayed gratification - education, hard work, success, and ambition - are those groups that…](https://sms4smile.com/quotes/richard-lamm/i-suggest-that-those-groups-whose-culture-and-values-stress-delayed/) [Richard Lamm](https://sms4smile.com/quotes/author/richard-lamm/) > [It takes patience to become the best runner you can be. Top athletes realize that running is a long-term sport. It is set up…](https://sms4smile.com/quotes/anthony-famiglietti/it-takes-patience-to-become-the-best-runner-you-can-be-top-athletes/) [Anthony Famiglietti](https://sms4smile.com/quotes/author/anthony-famiglietti/) > [There is no waiting and no delayed gratification because yoga is both the means and the result, and the seed of all that is…](https://sms4smile.com/quotes/donna-farhi/there-is-no-waiting-and-no-delayed-gratification-because-yoga-is-both/) [Donna Farhi](https://sms4smile.com/quotes/author/donna-farhi/) ## More by Charlie Munger > [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [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…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [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…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [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…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [ They \[Mc Donalds\] take people and give them a first job, which enables them to get a second job. They do a very good… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Explore all 544 Charlie Munger quotes ](https://sms4smile.com/quotes/author/charlie-munger/) ## More Delayed quotes > [My flights delayed and I found a pube in my sushi. Good times at the airport.](https://sms4smile.com/quotes/jenny-mccarthy/my-flights-delayed-and-i-found-a-pube-in-my-sushi-good-times-at-the/) [Jenny McCarthy](https://sms4smile.com/quotes/author/jenny-mccarthy/) > [“could go wrong on the way did—the plane was delayed”](https://sms4smile.com/quotes/manu-s-pillai/could-go-wrong-on-the-way-did-the-plane-was-delayed/) [Manu S. Pillai](https://sms4smile.com/quotes/author/manu-s-pillai/) > [Eventually, Americans would be stuck with government-run health care whether they like it or not. That's when the worst scenario would take shape, with…](https://sms4smile.com/quotes/mitch-mcconnell/eventually-americans-would-be-stuck-with-government-run-health-care/) [Mitch McConnell](https://sms4smile.com/quotes/author/mitch-mcconnell/) > [Love delayed is lust augmented.](https://sms4smile.com/quotes/louis-de-bernieres/love-delayed-is-lust-augmented/) [Louis de Bernieres](https://sms4smile.com/quotes/author/louis-de-bernieres/) > [I think, like a lot of other people who have been in the service, you'd been delayed in what you were doing. You wanted…](https://sms4smile.com/quotes/daniel-j-evans/i-think-like-a-lot-of-other-people-who-have-been-in-the-service-you-d/) [Daniel J. Evans](https://sms4smile.com/quotes/author/daniel-j-evans/) > [The original Return of the Living Dead, I was attached to direct it, and I wrote the story. Production was delayed. In the meantime…](https://sms4smile.com/quotes/tobe-hooper/the-original-return-of-the-living-dead-i-was-attached-to-direct-it/) [Tobe Hooper](https://sms4smile.com/quotes/author/tobe-hooper/) > [Too-lateness, I realized, has nothing to do with age. It’s a relation of self to the moment. Or not, depending on the person and…](https://sms4smile.com/quotes/russell-hoban/too-lateness-i-realized-has-nothing-to-do-with-age-it-s-a-relation-of/) [Russell Hoban](https://sms4smile.com/quotes/author/russell-hoban/) > [Justice is justice though it's always delayed and finally done only by mistake.](https://sms4smile.com/quotes/george-bernard-shaw/justice-is-justice-though-it-s-always-delayed-and-finally-done-only/) [George Bernard Shaw](https://sms4smile.com/quotes/author/george-bernard-shaw/) > [Matthew: Shall I remind you of some of the choicest remarks you made about me when I arrived here? Because they live in my…](https://sms4smile.com/quotes/jessica-fellowes/matthew-shall-i-remind-you-of-some-of-the-choicest-remarks-you-made/) [Jessica Fellowes](https://sms4smile.com/quotes/author/jessica-fellowes/) > [Inevitably you're going to be delayed somewhere. Always have a book. Always have a movie. Always have a notebook. And then always have a…](https://sms4smile.com/quotes/phil-keoghan/inevitably-you-re-going-to-be-delayed-somewhere-always-have-a-book/) [Phil Keoghan](https://sms4smile.com/quotes/author/phil-keoghan/) > [The payment for certain sins can be delayed. But they can't be avoided.](https://sms4smile.com/quotes/shawn-ryan/the-payment-for-certain-sins-can-be-delayed-but-they-can-t-be-avoided/) [Shawn Ryan](https://sms4smile.com/quotes/author/shawn-ryan/) > [Justice too long delayed is justice denied.](https://sms4smile.com/quotes/martin-luther-king-jr/justice-too-long-delayed-is-justice-denied/) [Martin Luther King, Jr](https://sms4smile.com/quotes/author/martin-luther-king-jr/) > [The only time Republicans will shake fists and point fingers is over a war delayed, one that isn't led by the US, or a…](https://sms4smile.com/quotes/ilana-mercer/the-only-time-republicans-will-shake-fists-and-point-fingers-is-over/) [Ilana Mercer](https://sms4smile.com/quotes/author/ilana-mercer/) > [Uh-oh...Delayed in Memphis for lightening. Good thing I packed a lunch!](https://sms4smile.com/quotes/rebecca-soni/uh-oh-delayed-in-memphis-for-lightening-good-thing-i-packed-a-lunch/) [Rebecca Soni](https://sms4smile.com/quotes/author/rebecca-soni/) > [If a train doesn’t stop at your station, it’s simply because it’s not your train. 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