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Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.
Author:
Charlie Munger
Topic:
Positive Quotes
Positive Quotes
“There are only three ways a smart person can go broke 1) liquor 2) ladies 3) leverage”
Charlie Munger
Feb 17, 2019
Positive Quotes
“Is there such a thing as a cheerful pessimist? That’s what I am.”
Charlie Munger
Feb 17, 2019
Inspirational Quotes
“Mimicking the herd invites regression to the mean.”
Charlie Munger
Feb 17, 2019
Trust Quotes
“A lot of people think if you just had more process and more compliance- checks and double-checks and so forth-you could create a better world. We just try to operate in a seamless web of deserved trust and be careful of whom we trust.”
Charlie Munger
Feb 17, 2019
Success Quotes
“What is the secret of success? I’m rational. That’s the answer. I’m rational. It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].”
Charlie Munger
Feb 17, 2019
Positive Quotes
“I’ve seen so much folly and stupidity on the part of our major philanthropic groups, including the world bank. I really have more confidence in building up the more capitalistic ventures like Costco.”
Charlie Munger
Feb 17, 2019
Positive Quotes
“I think we have some special talents. That being said, I think it’s dangerous to rely on special talents — it’s better to own lots of monopolistic businesses with unregulated prices.”
Charlie Munger
Feb 17, 2019
Inspirational Quotes
“Ninety-nine percent of the troubles that threaten our civilization come from being too optimistic, therefore we should have a system where accounting is a way more conservative.”
Charlie Munger
Feb 17, 2019
Positive Quotes
“The liabilities are always 100 percent good. It’s the assets you have to worry about.”
Charlie Munger
Feb 17, 2019
Inspirational Quotes
“The great algorithm to remember in dealing with this tendency is simple: an idea or a fact is not worth more merely because it’s easily available to you.”
Charlie Munger
Feb 17, 2019
Work Quotes
“It’s the work on your desk. Do well with what you already have and more will come in.”
Charlie Munger
Feb 17, 2019
Positive Quotes
“I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could.”
Charlie Munger
Feb 17, 2019
Good Quotes
“We say having a certain temperament is more important than brains. You need to keep raw, irrational emotion under control.”
Charlie Munger
Feb 17, 2019
Inspirational Quotes
“Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.”
Charlie Munger
Feb 17, 2019
Inspirational Quotes
“If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.”
Charlie Munger
Feb 17, 2019
Positive Quotes
“Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.”
Charlie Munger
Feb 17, 2019
Life Quotes
“A majority of life’s errors are caused by forgetting what one is really trying to do. Just the discipline of having to put your thoughts in order with somebody else is very useful.”
Charlie Munger
Feb 17, 2019
Dreams Quotes
“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.”
Charlie Munger
Feb 17, 2019
Learning Quotes
“The habit of committing far more time to learning and thinking than to doing is no accident.”
Charlie Munger
Feb 17, 2019
Positive Quotes
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent.”
Charlie Munger
Feb 17, 2019
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