Charlie Munger Quotes - Page 2

Quotes about:

• This is a good life lesson: getting the right people into your system is the most important thing you can do.

  Charlie Munger

  Good Life, Life Lesson, People

  13 Copy quote

• The secret to happiness is to lower your expectations. ...that is what you compare your experience with. If your expectations and standards are very high and only allow yourself to be happy when things are exquisite, you'll never be happy and grateful. There will always be some flaw. But compare your experience with lower expectations, especially something not as good, and you'll find much in your experience of the world to love, cherish and enjoy, every single moment.

  Charlie Munger

  Gratitude, Grateful, Single Mom

  27 Copy quote

• The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple.

  Charlie Munger

  Wise, Opportunity, Simple

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• Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.

  Charlie Munger

  Mean, People, Worry

  27 Copy quote

• I don't spend much time regretting the past, once I've taken my lesson from it. I don't dwell on it.

  Charlie Munger

  Regret, Taken, Past

  19 Copy quote

• Intelligent people make decisions based on opportunity costs.

  Charlie Munger

  Intelligent, Opportunity, People

  62 Copy quote

• Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now.

  Charlie Munger

  Mean, Thinking, People

  27 Copy quote

• Investing is where you find a few great companies and then sit on your ass.

  Charlie Munger

  Investing, Ass, Great Company

  19 Copy quote

• I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.

  Charlie Munger

  Real, People, Trying

  24 Copy quote

• Hard work, honesty, if you keep at it, will get you almost anything.

  Charlie Munger

  Honesty, Hard Work, Investing

  21 Copy quote

• A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.

  Charlie Munger

  Past, Opportunity, Odds

  17 Copy quote

• No wise pilot, no matter how great his talent and experience, fails to use his checklist.

  Charlie Munger

  Wise, Use, Pilots

  30 Copy quote

• Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

  Charlie Munger

  Reading, Self, Curiosity

  22 Copy quote

• All I want to know is where I’m going to die, so I’ll never go there

  Charlie Munger

  Want, Knows, Dies

  20 Copy quote

• 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 most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.

  Charlie Munger

  Change, Learning, Ideas

  16 Copy quote

• Any year that you don't destroy one of your best-loved ideas is probably a wasted year

  Charlie Munger

  Years, Ideas

  27 Copy quote

• 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 of inadequate return.

  Charlie Munger

  Loss, Nuts, Risk

  13 Copy quote

• I'm not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I've reached that state.

  Charlie Munger

  Thinking, People, Opinion

  34 Copy quote

• The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

  Charlie Munger

  Games, People, Trying

  13 Copy quote

• If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.

  Charlie Munger

  Thinking, Ass, Selling

  16 Copy quote

• Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

  Charlie Munger

  Jobs, Intelligent, Investing

  35 Copy quote

• To the man with only a hammer, every problem looks like a nail.

  Charlie Munger

  Men, Nails, Hammers

  13 Copy quote

• It’s not greed that drives the world, but envy.

  Charlie Munger

  Envy, Greed, World

  17 Copy quote

• Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.

  Charlie Munger

  Long, People, The End Of The Day

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• Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind. You see it a lot with T.V. preachers (many have minds made of cabbage) but it can also happen with political ideology. When you're young it's easy to drift into loyalties and when you announce that you're a loyal member and you start shouting the orthodox ideology out, what you're doing is pounding it in, pounding it in, and you're gradually ruining your mind. So you want to be very, very careful of this ideology. It's a big danger.

  Charlie Munger

  Loyalty, Thinking, Political

  USC Law Commencement Speech, genius.com. May 1, 2007.

  14 Copy quote

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