Charlie Munger Quotes
Collection of top 100 famous quotes about Charlie Munger
Charlie Munger Quotes & Sayings
Happy to read and share the best inspirational Charlie Munger quotes, sayings and quotations on Wise Famous Quotes.
Acknowledging what you don't know is the dawning of wisdom.
— Charlie Munger
All sensible investing is value investing
— Charlie Munger
Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.
— Charlie Munger
People are trying to be smart - all I am trying to do is not to be idiotic, but it's harder than most people think.
— Charlie Munger
Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
— Charlie Munger
In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.
— Charlie Munger
Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.
— Charlie Munger
Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.
— Charlie Munger
The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.
— Charlie Munger
A business model that relies on trickery is doomed to fail.
— Charlie Munger
We're partial to putting out large amounts of money where we won't have to make another decision.
— Charlie Munger
Step by step you get ahead, but rarely in fast spurts.
— Charlie Munger
The harder you work, the more confidence you get. But you may be working hard on something that is false.
— Charlie Munger
A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
— Charlie Munger
We look for a horse with one chance in two of winning and which pays you three to one.
— Charlie Munger
Remember that reputation and integrity are your most valuable assets - and can be lost in a heartbeat.
— Charlie Munger
Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.
— Charlie Munger
Why would you want to invest with a guy whose thought process says, If a second layer of fees is good, then let's add a third layer.
— Charlie Munger
You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
— Charlie Munger
A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.
— Charlie Munger
In my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound interest table.
— Charlie Munger
Being an effective teacher is a high calling.
— Charlie Munger
Hard work, honesty, if you keep at it, will get you almost anything.
— Charlie Munger
The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.
— Charlie Munger
We have a history when things are really horrible of wading in when no one else will.
— Charlie Munger
We have never had the will to enforce the immigration laws. What you see is what you'll continue to get.
— Charlie Munger
Some important factor doesn't lose its "share of force" just because some "expert" can better measure other types of force.
— Charlie Munger
What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.
— Charlie Munger
Never, ever, think about something else when you should be thinking about the power of incentives.
— Charlie Munger
A board member should be perfectly willing to leave at any time and willing to make the tough calls.
— Charlie Munger
Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
— Charlie Munger
Warren spends 70 hours a week thinking about investing .
— Charlie Munger
Cicero's words also increased my personal satisfaction by supporting my long-standing rejection of a conventional point of view.
— Charlie Munger
When it gets into these spikes, with shortages and uproar and so forth, people go bananas, but that's capitalism.
— Charlie Munger
Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time.
— Charlie Munger
Knowing what you don't know is more useful than being brilliant.
— Charlie Munger
I did not succeed in life by intelligence. I succeeded because I have a long attention span.
— Charlie Munger
Intense interest in any subject is indispensable if you're really going to excel in it.
— Charlie Munger
I don't think vengeance is much good.
— Charlie Munger
Wall Street has too much wealth and political power.
— Charlie Munger
Missing out on some opportunity never bothers us. What's wrong with someone getting a little richer than you? It's crazy to worry about this ...
— Charlie Munger
If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.
— Charlie Munger
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
When you mix raisins and turds, you've still got turds.
— Charlie Munger
It's dishonourable to stay stupider than you need to be
— Charlie Munger
Don't do cocaine. Don't race trains. And avoid AIDS situations.
— Charlie Munger
Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.
— Charlie Munger
It's not greed that drives the world, but envy.
— Charlie Munger
I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.
— Charlie Munger
We have a high moral responsibility to be rational
— Charlie Munger
It's human nature to extrapolate the recent past into the future, but it's terrible that managements go along with this.
— Charlie Munger
Determine value apart from price; progress apart from activity; wealth apart from size.
— Charlie Munger
As I continued through Cicero's pages, I found much more material celebrating my way of life ...
— Charlie Munger
The idea of excessive diversification is madness.
— Charlie Munger
It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.
— Charlie Munger
Choose clients as you would friends.
— Charlie Munger
The tax code gives you an enormous advantage if you can find some things you can just sit with.
— Charlie Munger
It would be easier to screw up American Express than Coke or Gillette, but it's an immensely strong business.
— Charlie Munger
I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.
— Charlie Munger
I regard it as very unfair, but capitalism without failure is like religion without hell.
— Charlie Munger
The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.
— Charlie Munger
The game of life is the game of everlasting learning. At least it is if you want to win.
— Charlie Munger
Is there such thing as a cheerful pessimist? That's what I am.
— Charlie Munger
In fact I've probably never seen such a wide moat.
— Charlie Munger
For years I have read the morning paper and harrumphed. There's a lot to harrumph about now.
— Charlie Munger
Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.
— Charlie Munger
People always underestimate the ability of earth to increase its carrying capacity.
— Charlie Munger
Forgetting your mistakes is a terrible error if you are trying to improve your cognition.
— Charlie Munger
Mimicking the herd invites regression to the mean.
— Charlie Munger
The only intelligence investing is value investing ... to acquire more than one is paying for.
— Charlie Munger
Once you start doing something bad, then it's easy to take the next step - and in the end, you're a moral sewer.
— Charlie Munger
I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote.
— Charlie Munger
For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture [of conservatism] runs pretty deep.
— Charlie Munger
When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'
— Charlie Munger
Expect hogs to eat a lot more in the presence of a lot of hog wash.
— Charlie Munger
Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.
— Charlie Munger
