|

|

Advertisements

Charlie Munger Quotes

What good is envy? It’s the one sin you can’t have any fun at Picture Quote #1

We try more to profit from always remembering the obvious than from grasping the esoteric Picture Quote #1

A great business at a fair price is superior to a fair business at a great price Picture Quote #1

One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year Picture Quote #1

You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas Picture Quote #1

Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things Picture Quote #1

Advertisements

If you have competence, you know the edge. It wouldnt be a competence if you didn’t know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself Picture Quote #1

The only way to win is to work, work, work, work, and hope to have a few insights Picture Quote #1

There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke Picture Quote #1

I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting Picture Quote #1

Accounting is a big subject and there are huge forces in play. The entire momentum of existing thinking and existing custom is in a direction that allows terrible follies to happen, and the terrible follies have terrible consequences Picture Quote #1

I think the notion that liquidity of tradable common stock is a great contributor to capitalism is mostly twaddle. The liquidity gives us these crazy booms, so it has as many problems as virtues Picture Quote #1

Advertisements

I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do Picture Quote #1

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results Picture Quote #1

Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor Picture Quote #1

Learn how to ignore the examples from others when they are wrong, because few skills are more worth having Picture Quote #1

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time Picture Quote #1

You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here Picture Quote #1

Advertisements

If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor Picture Quote #1

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 Picture Quote #1

Spend each day trying to be a little wiser than you were when you woke up Picture Quote #1

I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart Picture Quote #1

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world Picture Quote #1

Understanding how to be a good investor makes you a better business manager and vice versa Picture Quote #1

Advertisements

We’re emphasizing the knowable by predicting how certain people and companies will swim against the current. We’re not predicting the fluctuation in the current Picture Quote #1

The game of life is the game of everlasting learning. At least it is if you want to win Picture Quote #1

The harder you work, the more confidence you get. But you may be working hard on something that is false Picture Quote #1

The liabilities are always 100 percent good. It’s the assets you have to worry about Picture Quote #1

I do not think you can trust bankers to control themselves. They are like heroin addicts Picture Quote #1

The world of derivatives is full of holes that very few people are really aware of. It’s like hydrogen and oxygen sitting on the corner waiting for a little flame Picture Quote #1

1 - 2 3 4 5 6 7 8

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Advertisements

Text Quotes

What good is envy? It’s the one sin you can’t have any fun at (Charlie Munger Quotes) We try more to profit from always remembering the obvious than from grasping the esoteric (Charlie Munger Quotes) A great business at a fair price is superior to a fair business at a great price (Charlie Munger Quotes) One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year (Charlie Munger Quotes) You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas (Charlie Munger Quotes) Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things (Charlie Munger Quotes) If you have competence, you know the edge. It wouldnt be a competence if you didn’t know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself (Charlie Munger Quotes) The only way to win is to work, work, work, work, and hope to have a few insights (Charlie Munger Quotes) There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke (Charlie Munger Quotes) I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting (Charlie Munger Quotes) Accounting is a big subject and there are huge forces in play. The entire momentum of existing thinking and existing custom is in a direction that allows terrible follies to happen, and the terrible follies have terrible consequences (Charlie Munger Quotes) I think the notion that liquidity of tradable common stock is a great contributor to capitalism is mostly twaddle. The liquidity gives us these crazy booms, so it has as many problems as virtues (Charlie Munger Quotes) 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 Quotes) The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results (Charlie Munger Quotes) Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor (Charlie Munger Quotes) Learn how to ignore the examples from others when they are wrong, because few skills are more worth having (Charlie Munger Quotes) Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time (Charlie Munger Quotes) You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here (Charlie Munger Quotes) If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor (Charlie Munger Quotes) 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 Quotes) Spend each day trying to be a little wiser than you were when you woke up (Charlie Munger Quotes) I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart (Charlie Munger Quotes) Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world (Charlie Munger Quotes) Understanding how to be a good investor makes you a better business manager and vice versa (Charlie Munger Quotes) We’re emphasizing the knowable by predicting how certain people and companies will swim against the current. We’re not predicting the fluctuation in the current (Charlie Munger Quotes) The game of life is the game of everlasting learning. At least it is if you want to win (Charlie Munger Quotes) The harder you work, the more confidence you get. But you may be working hard on something that is false (Charlie Munger Quotes) The liabilities are always 100 percent good. It’s the assets you have to worry about (Charlie Munger Quotes) I do not think you can trust bankers to control themselves. They are like heroin addicts (Charlie Munger Quotes) The world of derivatives is full of holes that very few people are really aware of. It’s like hydrogen and oxygen sitting on the corner waiting for a little flame (Charlie Munger Quotes)

1 - 2 3 4 5 6 7 8