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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.
Author:
Charlie Munger
Topic:
Inspirational Quotes
Life 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
Life Quotes
“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
Good Quotes
“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
Good Quotes
“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
Good Quotes
“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
Success Quotes
“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
Teacher Quotes
“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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