Charlie Munger

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

Author: Charlie Munger

Topic: Experience Quotes

“I think that one should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“You don't have to have the ability that quantum mechanics requires. You just have to know a few simple things and really know them.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Just because you like it does not mean that the world will necessarily give it to you.”

Charlie Munger

Feb 17, 2019

“Part of what you must learn is how to handle mistakes and new facts that change the odds. Life, in part, is like a poker game wherein you have to learn to quit sometimes when holding a much-loved hand.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”

Charlie Munger

Feb 17, 2019

“People should take away less than they’re worth when they are favored by life… I would argue that when you rise high enough in American Business you’ve got a moral duty to be underpaid.”

Charlie Munger

Feb 17, 2019

Politics Quotes

“Wall Street has too much wealth and political power.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“When you borrow a man's car, always return it with a tank of gas.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“All intelligent investing is value investing, acquiring more than you are paying for.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Those of us who have been fortunate have a duty to give back. Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.”

Charlie Munger

Feb 17, 2019

Inspirational Quotes

“I try to get rid of people who confidently answer questions about which they don't have any real knowledge.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Being something and doing something that no one had done before are two different things.”

Charlie Munger

Feb 17, 2019

“Own your work and compound credibility.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Warren talks about these discounted cash flows. I’ve never seen him do one.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“I think that every time you see the word EBITDA, you should substitute EBITDA with ‘bullshit earnings’.”

Charlie Munger

Feb 17, 2019

Positive Quotes

“Envy is a really stupid sin because it’s the only one you could never possibly have fun at. There’s a lot of pain and no fun. Why would you want that?”

Charlie Munger

Feb 17, 2019

Motivational Quotes

“I constantly see people rise in life who are not the smartest, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.”

Charlie Munger

Feb 17, 2019

Learning Quotes

“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

Feb 17, 2019

“Two thirds of acquisitions don’t work. Ours work because we don’t try to do acquisitions — we wait for no-brainers.”

Charlie Munger

Feb 17, 2019

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