Charlie Munger is an American businessman, investor, and philanthropist, famous for having co-founded Berkshire Hathaway alongside with long-life business partner Warren Buffett. He is considered by many as one of the smartest people in the world, and his investment theories and quotes about life have been kept held by countless business leaders.
As of this year, Charlie Munger’s net worth is estimated to be $1.52 billion.
The best thing a human being can do is to help another human being know more.
Charlie Munger
Always take the high road, it’s far less crowded.
Charlie Munger
Take a simple idea and take it seriously.
Charlie Munger
“People calculate too much and think too little.”
Charlie Munger
“In my whole life, I have known no wise people who didn’t read all the time – none, zero.”
Charlie Munger
“Knowing what you don’t know is more useful than being brilliant.”
Charlie Munger
“Those who keep learning, will keep rising in life.”
Charlie Munger
“Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted independence. I desperately wanted it.”
Charlie Munger
“We have a passion for keeping things simple.”
Charlie Munger
“You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas.”
Charlie Munger
“I met the towering intellectuals in books, not in the classroom, which is natural. I can’t remember when I first read Ben Franklin. I had Thomas Jefferson over my bed at seven or eight. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.”
Charlie Munger
“I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.”
Charlie Munger
“No wise pilot, no matter how great his talent and experience, fails to use a checklist.”
Charlie Munger
“The big money is not buying and selling. But in the waiting.” “No wise pilot, no matter how great his talent and experience, fails to use a checklist.”
Charlie Munger
“Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.”
Charlie Munger
“Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; and 3. Work only with people you enjoy.”
Charlie Munger
“Live within your income and save so that you can invest. Learn what you need to learn.”
Charlie Munger
“Extreme patience combined with extreme decisiveness.”
Charlie Munger
“Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.”
Charlie Munger
“This habit of committing far more time to learn and thinking than to doing is no accident.”
Charlie Munger
“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”
Charlie Munger
“Repetition is the heart of instruction.”
Charlie Munger
“Acquire worldly wisdom and adjust your behaviour accordingly.”
Charlie Munger
“Invest in a business any fool can run, because someday a fool will. If it won’t stand a little mismanagement, it’s not much of a business.”
Charlie Munger
“You need a different checklist and different mental models for different companies. I can never make it easy by saying, ‘Here are three things.’ You have to derive it yourself to ingrain it in your head for the rest of your life.”
Charlie Munger
“There is no way you can live an adequate life without making many mistakes.”
Charlie Munger
“I would argue that passion is more important than brain power.”
Charlie Munger
“Benjamin Franklin was able to make the contribution he did because he had [financial] freedom.”
Charlie Munger
“Our game is to recognize a big idea when it comes along when one doesn’t come along very often. Opportunity comes to the prepared mind.”
Charlie Munger
“I didn’t get to where I am by going after mediocre opportunities.”
Charlie Munger
“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
“Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse.”
Charlie Munger
“Quickly identify mistakes and take action.”
Charlie Munger
“Part of what you must learn is how to handle mistakes and new facts that change the odds. Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much loved hand.”
Charlie Munger
“If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them.”
Charlie Munger
“The difference between a good business and a bad business is those good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time.”
Charlie Munger
“Mimicking the herd invites regression to the man.”
Charlie Munger
“We have three baskets for investing: yes, no, and too tough to understand.”
Charlie Munger
“There’s only one way to the top: hard work.”
Charlie Munger
“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.”
Charlie Munger
“A majority of life’s errors are caused by forgetting what one is really trying to do.”
Charlie Munger
“The big money is not in buying the selling, but in the waiting.”
Charlie Munger
“When you borrow a man’s car, always return it with a tank of gas.”
Charlie Munger
“The best thing a human being can do is to help another human being know more.”
Charlie Munger
“It’s not supposed to be easy. Anyone who finds it easy is stupid.”
Charlie Munger
“You’ll do better if you have passion for something in which you have aptitude. If Warren Buffett had gone into ballet, no one would have heard of him.”
Charlie Munger
If you keep learning all the time you have a huge advantage.
Charlie Munger
A great business at a fair price is superior to a fair business at a great price.
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
“Being smart and doing something that no one has done before are two different things.”
Charlie Munger
Is there such a thing as a cheerful pessimist? That’s what I am.
Charlie Munger
Image Credits: Nick / CC BY (https://creativecommons.org/licenses/by/2.0)
