Charlie Munger

Acknowledging what you don't know is the dawning of wisdom.

Author: Charlie Munger

Topic: Knowledge Quotes

“In my whole life, I have known no wise people who didn't read all the time - none, zero. You'd be amazed at how much Warren reads -at how much I read. They think I'm a book with a couple of legs sticking out.”

Charlie Munger

Feb 17, 2019

Lifestyle Quotes

“Simplicity has a way of improving performance by enabling us to better understand what we are doing.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Our game is to recognize a big idea when it comes along when one doesn't come along very often.”

Charlie Munger

Feb 17, 2019

Business Quotes

“A great business at a fair price is superior to a fair business at a great price.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“I would argue that passion is more important than brainpower.”

Charlie Munger

Feb 17, 2019

Education Quotes

“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”

Charlie Munger

Feb 17, 2019

Learning Quotes

“Live within your income and save so you can invest. Learn what you need to learn.”

Charlie Munger

Feb 17, 2019

“Another thing, of course, is that life will have terrible, horrible, and unfair blows. It doesn't matter. And some people recover and others don't.”

Charlie Munger

Feb 17, 2019

Knowledge Quotes

“We both (Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”

Charlie Munger

Feb 17, 2019

Lifestyle Quotes

“It takes character to sit with all that cash and to do nothing. I didn't get to the top where I am by going after mediocre opportunities.”

Charlie Munger

Feb 17, 2019

“Everywhere there is a large commission, there is a high probability of a rip-off.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“You need patience, discipline, and agility to take losses and adversity without going crazy.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not celebrate stupidities in both categories?”

Charlie Munger

Feb 17, 2019

“If a business earns 18% on capital over 20 or 30 years, even if you pay an expensive-looking price, you’ll end up with a fine result.”

Charlie Munger

Feb 17, 2019

“Knowing what you don't know is more useful than being brilliant.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“One of the greatest ways to avoid trouble is to keep it simple... the system often goes out of control.”

Charlie Munger

Feb 17, 2019

“A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, drugs etc.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“It's waiting that helps you as an investor and a lot of people just can't stand to wait.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“A lot of people with high IQs are terrible investors because they've got terrible temperaments.”

Charlie Munger

Feb 17, 2019

“There is no better teacher than history in determining the future. There are answers worth billions of dollars in 30$ history books.”

Charlie Munger

Feb 17, 2019

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