Showing posts with label Charlie Munger Quotes. Show all posts
Showing posts with label Charlie Munger Quotes. Show all posts

Wednesday, November 29, 2023

Charlie Munger Best Quotes

Charlie Munger is a legendary investor and vice chairman of Berkshire Hathaway. He is known for his wit, wisdom, and contrarian investment philosophy. Munger is a master of his model of the mental, a framework we use to understand the world and make decisions about it. He  also strongly believes in the importance of psychology and history in investing.


On Investing and Money

  • "The big money is not in the buying or selling, but in the waiting."
  • "The only value of money is in the freedom it gives you."
  • "Price is what you pay. Value is what you get."
  • "Invest in a business any fool can run, because someday a fool will."
  • "Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat."

On Life and Learning

  • "Life is really simple, but we insist on making it complicated."
  • "Spend each day trying to be a little wiser than you were when you woke up."
  • "The more you learn, the more you earn."
  • "The whole secret of a successful life is to find out what is one's destiny to do, and then do it."
  • "The difference between a wise man and an idiot is that a wise man doesn't think he is one."


On Humility and Ego
  • "It's not necessary to have great talent or genius. Rather, education and thinking ability will carry you a long way."
  • "The human mind has a shut-off device—we don't think about what we think about."
  • "The more you learn, the more you realize how much you don't know."
  • "The bigger the ego, the more difficult it is to see the truth."
  • "We are what we repeatedly do. Excellence, then, is not an act, but a habit."