Munger's Quotes: top 100 famous quotes about Munger's

Munger's Quotes & Sayings

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

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

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

If it happens every year like clockwork, what's so extraordinary about it? — 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

An idea or a fact is not worth more merely because it's more available to you. — 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

Spend each day trying to be a little wiser than you were when you woke up. — Charlie Munger

It's stupid the way people extrapolate the past
and not slightly stupid, but massively stupid. — 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

We're partial to putting out large amounts of money where we won't have to make another decision. — Charlie Munger

Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best. — Charlie 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

The liabilities are always 100 percent good. It's the assets you have to worry about. — Charlie Munger

Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating. — Charlie Munger

If the value of a company doesn't just scream out at you, it's too close. — Charlie Munger

When you borrow a man's car, always return it with a tank of gas. — Charlie Munger

The ethos of not fooling yourself is one of the best you could possibly have. It's powerful because it's so rare. — 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

I'm very pleased when the smartest people come [to the U.S.] and almost never pleased when the very bottom of the mental barrel comes in ... — 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

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

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

It's dangerous to short stocks. — 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

It's not a competency if you don't know the edge of it. — Charlie Munger

A board member should be perfectly willing to leave at any time and willing to make the tough calls. — Charlie Munger

Once you get into debt, it's hell to get out. Don't let credit card debt carry over. You can't get ahead paying eighteen percent. — Charlie Munger

There's more honor in investment management than in investment banking. — Charlie Munger

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

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

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

It's not supposed to be easy. Anyone who finds it easy is stupid. — 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

It's not the bad ideas that do you in, but the good ones. — Charlie Munger

It's a good habit to trumpet your failures and be quiet about your successes. — Charlie Munger

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

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

The laws of thermodynamic s are such that if the water is getting warmer - and I believe it is - the energy of the weather is going to go up. — Charlie Munger

It's been my experience in life if you just keep thinking and reading, you don't have to work. — Charlie Munger

It's a rare business that doesn't have a way worse future than it has a past. — Charlie Munger

It's dishonourable to stay stupider than you need to be — Charlie Munger

We don't train executives, we find them. If a mountain stands up like Everest, you don't have to be a genius to figure out that it's a high mountain. — Charlie Munger

Cicero's words also increased my personal satisfaction by supporting my long-standing rejection of a conventional point of view. — Charlie Munger

We have the same problem as everyone else: It's very hard to predict the future ... — Charlie Munger

I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do. — Charlie Munger

What good is envy? It's the one sin you can't have any fun at. — Charlie Munger

The interesting thing is the field is so big - it's enormous. One thing a modern civilization needs is energy. — 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

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

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

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

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

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

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

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it's time. — 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 game of life is the game of everlasting learning. At least it is if you want to win. — 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

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

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

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

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