Charlie Munger is an American businessman, lawyer, investor, and philanthropist. He is the vice-chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. May his quotes help you to live your dreams and live life at a higher standard.
Below are the 20 Best Charlie Munger quotes on Life and Stock Market Investing.
1.“How to find a good spouse?
-the best single way is to deserve a good spouse.”
2. “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.”
3. “Always take the high road, it’s far less crowded.”
4. “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. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
5. “The best thing a human being can do is to help another human being know more.”
6.“We both (Charlie Munger and 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.”
7.“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.”
8.“There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.”
9. “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.”
10. “Knowing what you don’t know is more useful than being brilliant.”
11.“We have three baskets for investing: yes, no, and too tough to understand.”
12. “It takes character to sit with all that cash and to do nothing.
I didn't get top where I am by going after mediocre opportunities.”
13.“A majority of life’s errors are caused by forgetting what one is really trying to do.”
14.“In my whole life, I have known no wise people who didn’t read all the time – none, zero.”
15.“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.”
16. “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, 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.”
17.“People calculate too much and think too little.”
18.“What are the secret of success?
-one word answer :"rational”
19.“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”
20.“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.”
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