|

|

Advertisements

Charlie Munger Quotes

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations Picture Quote #1

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 Picture Quote #1

It’s a good habit to trumpet your failures and be quiet about your successes Picture Quote #1

I’m right, and you’re smart, and sooner or later you’ll see I’m right Picture Quote #1

The more hard lessons you can learn vicariously rather than through your own hard experience, the better Picture Quote #1

Avoid working directly under somebody you don’t admire and don’t want to be like Picture Quote #1

Advertisements

You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time Picture Quote #1

I did not succeed in life by intelligence. I succeeded because I have a long attention span Picture Quote #1

I don’t have the slightest interest in gold. I like understanding what works and what doesn’t in human systems. To me that’s not optional; that’s a moral obligation. If you’re capable of understanding the world, you have a moral obligation to become rational. And I don’t see how you become rational hoarding gold. Even if it works, you’re a jerk Picture Quote #1

People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There’s always been a market for people who pretend to know the future. Listening to today’s forecasters is just as crazy as when the king hired the guy to look at the sheep guts Picture Quote #1

As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with it Picture Quote #1

The secret to happiness is to lower your expectations... that is what you compare your experience with. If your expectations and standards are very high and only allow yourself to be happy when things are exquisite, you’ll never be happy and grateful. There will always be some flaw. But compare your experience with lower expectations, especially something not as good, and you’ll find much in your experience of the world to love, cherish and enjoy, every single moment Picture Quote #1

Advertisements

Some people seem to think there’s no trouble just because it hasn’t happened yet. If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem. I would want to address the problem right now Picture Quote #1

It’s in the nature of stock markets to go way down from time to time. There’s no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings without expecting miracles is the way to go Picture Quote #1

What do you want to avoid? Such an easy answer: sloth and unreliability. If you’re unreliable it doesn’t matter what your virtues are. You’re going to crater immediately. Doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability Picture Quote #1

Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices Picture Quote #1

Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities Picture Quote #1

1 - 4 5 6 7 8

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Advertisements

Text Quotes

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations (Charlie Munger Quotes) 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 Quotes) It’s a good habit to trumpet your failures and be quiet about your successes (Charlie Munger Quotes) I’m right, and you’re smart, and sooner or later you’ll see I’m right (Charlie Munger Quotes) The more hard lessons you can learn vicariously rather than through your own hard experience, the better (Charlie Munger Quotes) Avoid working directly under somebody you don’t admire and don’t want to be like (Charlie Munger Quotes) You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time (Charlie Munger Quotes) I did not succeed in life by intelligence. I succeeded because I have a long attention span (Charlie Munger Quotes) I don’t have the slightest interest in gold. I like understanding what works and what doesn’t in human systems. To me that’s not optional; that’s a moral obligation. If you’re capable of understanding the world, you have a moral obligation to become rational. And I don’t see how you become rational hoarding gold. Even if it works, you’re a jerk (Charlie Munger Quotes) People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There’s always been a market for people who pretend to know the future. Listening to today’s forecasters is just as crazy as when the king hired the guy to look at the sheep guts (Charlie Munger Quotes) As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with it (Charlie Munger Quotes) The secret to happiness is to lower your expectations... that is what you compare your experience with. If your expectations and standards are very high and only allow yourself to be happy when things are exquisite, you’ll never be happy and grateful. There will always be some flaw. But compare your experience with lower expectations, especially something not as good, and you’ll find much in your experience of the world to love, cherish and enjoy, every single moment (Charlie Munger Quotes) Some people seem to think there’s no trouble just because it hasn’t happened yet. If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem. I would want to address the problem right now (Charlie Munger Quotes) It’s in the nature of stock markets to go way down from time to time. There’s no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings without expecting miracles is the way to go (Charlie Munger Quotes) What do you want to avoid? Such an easy answer: sloth and unreliability. If you’re unreliable it doesn’t matter what your virtues are. You’re going to crater immediately. Doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability (Charlie Munger Quotes) Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices (Charlie Munger Quotes) Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities (Charlie Munger Quotes)

1 - 4 5 6 7 8