“Take one simple idea and take it seriously.” ― Charlie Munger
“Knowing what you don’t know is more useful than being brilliant.” ― Charlie Munger
“Do what you like and are good at.” ― Charlie Munger
“The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time.” ― Charlie Munger
“In my whole life, I have known no wise people over a broad subject matter area who didn’t read all the time. None. Zero.” ― 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
“The big money is not in the buying the selling, but in the waiting.” ― 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
“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
“Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted the independence. I desperately wanted it.” ― Charlie Munger
“The big money is not in the buying and selling. But in the waiting.” ― 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
“Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.” ― Charlie Munger
“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.” ― Charlie Munger
“Being smart and doing something that no one has done before are two different things.” ― Charlie Munger
“It’s not supposed to be easy. Anyone who finds it easy is stupid.” ― Charlie Munger
“We have three baskets for investing: yes, no, and too tough to understand.” ― Charlie Munger
“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.” ― Charlie Munger
“Spend less than you make; always be saving something.” ― Charlie Munger
“You must value the business in order for you to value the stock.” ― Charlie Munger
“Invert, always invert: Turn a situation or problem upside down. Look at it backward.” ― Charlie Munger
“To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.” ― Charlie Munger
“You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.” ― Charlie Munger
“Instead of looking for success, make a list of how to fail instead. Tell me where I’m going to die, that is, so I don’t go there.” ― Charlie Munger
“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
“Those who keep learning, will keep rising in life.” ― Charlie Munger
“Repetition is the heart of instruction.” ― Charlie Munger
“You need patience, discipline, and an agility to take losses and adversity without going crazy.” ― 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
“In my whole life, I have known no wise people who didn’t read all the time – none, zero.” ― Charlie Munger
“If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.” ― 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
“I didn’t get to where I am by going after mediocre opportunities.” ― Charlie Munger
“People calculate too much and think too little.” ― Charlie Munger
“Take a simple idea and take it seriously.” ― Charlie Munger
“A great business at a fair price is superior to a fair business at a great price.” ― Charlie Munger
“Quickly identify mistakes and take action.” ― Charlie Munger
“Always take the high road, it’s far less crowded.” ― Charlie Munger
“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
“This habit of committing far more time to learning and thinking than to doing is no accident.” ― Charlie Munger
“Almost all good businesses engage in pain today for gain tomorrow activities.” ― 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, long time.” ― Charlie Munger
“I would argue that passion is more important than brain power.” ― Charlie Munger
“Someone will always be getting richer faster than you. This is not a tragedy.” ― Charlie Munger
“There is no way you can live an adequate life without making many mistakes.” ― 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
