Charlie Munger Quotes - Page 7

Quotes about:

• 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

  Men, Tools, Should

  14 Copy quote

• Common stock investors can make money by predicting the outcomes of practice evolution. You can't derive this by fundamental analysis - you must think biologically.

  Charlie Munger

  Thinking, Practice, Analysis

  19 Copy quote

• It's dishonourable to stay stupider than you need to be

  Charlie Munger

  Needs

  9 Copy quote

• 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

  Continuing To Learn, Games, Names

  10 Copy quote

• Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.

  Charlie Munger

  Years, Oil, Vices

  11 Copy quote

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

  Charlie Munger

  Cheerful, Pessimist

  12 Copy quote

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

  Charlie Munger

  Ideas, Bad Ideas

  11 Copy quote

• We're the tortoise that has outrun the hare because it chose the easy predictions.

  Charlie Munger

  Tortoises, Easy, Predictions

  "Buffett Meets the Press". Interview with Rick Casterline, www.fool.com. June 29, 2006.

  17 Copy quote

• People calculate too much and think too little.

  Charlie Munger

  Thinking, People, Investing

  9 Copy quote

• Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.

  Charlie Munger

  Skills, Example, Investing

  15 Copy quote

• Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

  Charlie Munger

  Answers, Tough, Assuming

  11 Copy quote

• And, partly, I had found that theory-structure was a superpower in helping one get what one wanted. As I had early discovered in school wherein I had excelled without labor, guided by theory, while many others, without mastery of theory failed despite monstrous effort. Better theory I thought had always worked for me and, if now available could make me acquire capital and independence faster and better assist everything I loved.

  Charlie Munger

  School, Effort, Independence

  16 Copy quote

• There must be some wisdom in the folk saying: Its the strong swimmers who drown.

  Charlie Munger

  Strong, Swimmer, Folks

  15 Copy quote

• You want to deliver to the world what you would buy if you were on the other end.

  Charlie Munger

  World, Ends, Ifs

  Charlie Munger's law commencement speech at the US college, genius.com. May 13, 2007.

  14 Copy quote

• Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

  Charlie Munger

  Two, Three, Done

  14 Copy quote

• Warren spends 70 hours a week thinking about investing .

  Charlie Munger

  Thinking, Investing, Week

  14 Copy quote

• I do not think you can trust bankers to control themselves. They are like heroin addicts.

  Charlie Munger

  Thinking, Bankers, Banking

  "Berkshire's Munger: High-Frequency Trading 'Basically Evil'". www.cnbc.com. May 3, 2013.

  29 Copy quote

• A lot of our respected financial institutions are just casinos in drag.

  Charlie Munger

  Casinos, Financial, Institutions

  16 Copy quote

• We try more to profit from always remembering the obvious than from grasping the esoteric.

  Charlie Munger

  Trying, Esoteric, Remember

  26 Copy quote

• Our biggest mistakes, were things we didn't do, companies we didn't buy.

  Charlie Munger

  Mistake, Company, Biggest Mistake

  9 Copy quote

• 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

  Single, Nuts, Definitions

  13 Copy quote

• I think it is undeniably true that the human brain must work in models. The trick is to have your brain work better than the other person's brain because it understands the most fundamental models- ones that will do most work per unit.

  Charlie Munger

  Thinking, Brain, Fundamentals

  19 Copy quote

• If people tell you what you really don't want to hear what's unpleasant-there's an almost automatic reaction of antipathy. You have to train yourself out of it.

  Charlie Munger

  People, Want, Reactions

  10 Copy quote

• I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.

  Charlie Munger

  Thinking, Government, Long

  Charlie Munger's remarks at the 2004 Wesco Annual Meeting in Pasadena, California, www.tilsonfunds.com. May 5, 2004.

  9 Copy quote

• A few public hangings will really change behavior. One of our Presidents said if he could execute three people each year for no cause, it would make it a lot easier to govern. When someone said that's not enough, he said, "Oh yes it is, because I'd publish the list of people under consideration."

  Charlie Munger

  Years, People, President

  12 Copy quote

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