Munger Quotes: top 100 famous quotes about Munger

Munger Quotes & Sayings

Happy to read and share the best inspirational Munger quotes, sayings and quotations on Wise Famous Quotes.

Trying to prioritize among things we're unlikely to do is pretty fruitless. — Charlie Munger

There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book. — Charles T. Munger

Wells Fargo behaves better than the average big bank. But nobody's perfect. — Charlie Munger

Acknowledging what you don't know is the dawning of wisdom. — Charlie Munger

The role of democracy is not to banish disagreement but rather to prevent political disagreements from devolving into armed conflict. — Michael C. 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

Ill-luck is, in nine cases out of ten, the result of taking pleasure first and duty second, instead of duty first and pleasure second. — Theodore T. 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

Almost all good businesses engage in 'pain today, gain tomorrow' activities. — 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

Spend each day trying to be a little wiser than you were when you woke 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

All truth is an achievement. If you would have truth at its value, go with it. — Thornton T. Munger

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business — Charlie Munger

If you have the opportunities of Berkshire, an investment in gold is dumb. — 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

At Berkshire Hathaway we do not like to compete against Chinese manufacturers. — 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

It's simplicity itself that its future will be way worse than its past. — 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

There's no way that you can live an adequate life without making many mistakes. — Charlie Munger

How to find a good spouse?
-the best single way is to deserve a good spouse. — Charles T. 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

Go to bed smarter than when you woke up. — Charles T. Munger

Intense interest in any subject is indispensable if you're really going to excel in it. — 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

The big money is not in the buying and selling ... but in the waiting. — Charlie Munger

I did not succeed in life by intelligence. I succeeded because I have a long attention span. — Charlie Munger

Choose clients as you would friends. — Charlie Munger

We're the tortoise that has outrun the hare because it chose the easy predictions. — Charlie Munger

A great business at a fair price is superior to a fair business at a great price. — Charlie Munger

When it gets into these spikes, with shortages and uproar and so forth, people go bananas, but that's capitalism. — 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

I've adopted the guideline of Warren Buffett's partner, Charlie Munger, who says I wanna know where I'll be when I die - so I never go there. — Tom Brokaw

The idea of excessive diversification is madness. — Charlie Munger

If you are animated by right principles, and are fully awakened to the true dignity of life, the subject of amusements may be left to settle itself. — Thornton T. Munger

If you can buy the best companies, over time the pricing takes care of itself. — Charlie Munger

Determine value apart from price; progress apart from activity; wealth apart from size. — Charlie Munger

I don't think vengeance is much good. — Charlie Munger

Wall Street has too much wealth and political power. — Charlie Munger

We have a high moral responsibility to be rational — Charlie Munger

Beta and modern portfolio theory and the like - none of it makes any sense to me. — 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

See's candy company was the first high-quality business we ever bought. — Charlie Munger

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings. — 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

I regard it as very unfair, but capitalism without failure is like religion without hell. — Charlie Munger

Strategic plans cause more dumb decisions than anything else in America. — 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

If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands. — 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

Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — Charlie Munger

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it. — Charlie Munger

We only want what success we can get despite encouraging others to share our general views about reality. — Charlie Munger

The debt-habit is the twin brother of poverty. — Theodore T. 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

Expect hogs to eat a lot more in the presence of a lot of hog wash. — 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

Don't do cocaine. Don't race trains. And avoid AIDS situations. — 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

I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote. — 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

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

The game of life is the game of everlasting learning. At least it is if you want to win. — Charlie Munger

People always underestimate the ability of earth to increase its carrying capacity. — Charlie Munger

Mimicking the herd invites regression to the mean. — 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

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

Avoid working directly under somebody you don't admire and don't want to be like. — Charlie Munger

The best thing a human being can do is to help another human being know more. — Charlie Munger

For years I have read the morning paper and harrumphed. There's a lot to harrumph about now. — Charlie Munger

In fact I've probably never seen such a wide moat. — Charlie Munger

Is there such thing as a cheerful pessimist? That's what I am. — 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

Financial institutions make us nervous when they're trying to do well. — Charlie Munger

If you can get good at destroying your own wrong ideas, that is a great gift. — Charlie Munger

The only intelligence investing is value investing ... to acquire more than one is paying for. — 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

As I continued through Cicero's pages, I found much more material celebrating my way of life ... — Charlie Munger