Charlie Munger Quotes About Failing

Quotes about: Failing

• No wise pilot, no matter how great his talent and experience, fails to use his checklist.

  Charlie Munger

  Wise, Use, Pilots

• Obviously if you want to get good at something which is competitive, you have to think about it and practice a lot. You have to keep learning because world keeps changing and competitors keep learning. You have to go to bed wiser than you got up. As you try to master what you are trying to do – people who do that almost never fail utterly. Very few have ever failed with that approach. You may rise slowly, but you are sure to rise.

  Charlie Munger

  Thinking, Practice, People

  "Afternoon Session - 2010 Meeting". buffett.cnbc.com. May 1, 2010.

• A business model that relies on trickery is doomed to fail.

  Charlie Munger

  Failing, Rely, Models

• Tthe first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.... You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life.

  Charlie Munger

  School, Trying, Together

• I think we have lost our way when people like the [board of] governors and the CEO of the NYSE fail to realize they have a duty to the rest of us to act as exemplars... You do not want your first-grade school teacher to be fornicating on the floor or drinking booze in the classroom; similarly you do not want your stock exchange to be setting the wrong moral example.

  Charlie Munger

  Teacher, Drinking, School

  Charlie Munger's comments on economic matters at the 2005 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. April 30, 2005.

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