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  • #1
    Charles T. Munger
    “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.”
    Charles T. Munger

  • #2
    Charles T. Munger
    “Life and its various passages can be hard, brutally hard. The three things I have found helpful in coping with its challenges are: Have low expectations. Have a sense of humor. Surround yourself with the love of friends and family. Above all, live with change and adapt to it. If the world didn’t change, I’d still have a 12 handicap.”
    Charles T Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

  • #3
    Charles T. Munger
    “The best antidote to folly from an excess of self-regard is to force yourself to be more objective when you are thinking about yourself, your family and friends, your property, and the value of your past and future activity. This isn't easy to do well and won't work perfectly but it will work much better than simply letting psychological nature take its normal course.”
    Charlie Munger

  • #4
    Charles T. Munger
    “Charlie counts preparation, patience, discipline, and objectivity among his most fundamental guiding principles. He will not deviate from these principles, regardless of group dynamics, emotional itches, or popular wisdom that “this time around it’s different.”
    Charles T. Munger, Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

  • #5
    J.R.R. Tolkien
    “I wish it need not have happened in my time," said Frodo.
    "So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us.”
    J.R.R. Tolkien, The Fellowship of the Ring

  • #6
    Charles T. Munger
    “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.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #7
    Charles T. Munger
    “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.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #8
    Charles T. Munger
    “To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of
    undeserving people.”
    Charles T. Munger

  • #9
    Charles T. Munger
    “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.”
    Charles T. Munger

  • #10
    Charles T. Munger
    “How to find a good spouse?
    -the best single way is to deserve a good spouse.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #11
    Charles T. Munger
    “There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #12
    Charles T. Munger
    “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.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #13
    Charles T. Munger
    “Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”
    Charles T. Munger, Charlie Munger: The Complete Investor

  • #14
    Charles T. Munger
    “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.”
    Charles T. Munger

  • #15
    Charles T. Munger
    “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.”
    Charles T. Munger, Charlie Munger: The Complete Investor

  • #16
    Charles T. Munger
    “Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?”
    Charles T. Munger, Charlie Munger: The Complete Investor

  • #17
    Charles T. Munger
    “Go to bed smarter than when you woke up.”
    Charlie Munger

  • #18
    Charles T. Munger
    “I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do”
    Charlie Munger

  • #19
    Charles T. Munger
    “All I want to know is where I'm going to die so I'll never go there.”
    Charles T. Munger, Life Is Short And So Is This Book

  • #20
    Charles T. Munger
    “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.”
    Charles T. Munger, Value Investing: A Value Investor's Journey Through the Unknown...

  • #21
    Charles T. Munger
    “It's the work on your desk. Do well with what you already have and more will come in.”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #22
    Charles T. Munger
    “Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it. And the brain can’t use what it can’t remember or when it’s blocked from recognizing because it’s heavily influenced by one or more psychological tendencies bearing strongly on it … the deep structure of the human mind requires that the way to full scope competency of virtually any kind is to learn it all to fluency—like it or not.”
    Charles T. Munger, Charlie Munger: The Complete Investor

  • #23
    Charles T. Munger
    “Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world”
    Charlie Munger

  • #24
    Charles T. Munger
    “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?”
    Charles T. Munger

  • #25
    Charles T. Munger
    “To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.”
    Charles T. Munger

  • #26
    Charles T. Munger
    “What are the secret of success?
    -one word answer :"rational”
    Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

  • #27
    Charles T. Munger
    “Whenever you think that some situation or some person is ruining your life, it’s actually you who are ruining your life. It’s such a simple idea. Feeling like a victim is a perfectly disastrous way to make go through life. If you just take the attitude that however bad it is in anyway, it’s always your fault and you just fix it as best you can – the so-called “iron prescription”
    Charlie Munger

  • #28
    Charles T. Munger
    “You don't have to pee on an electric fence to learn not to do it”
    Charlie Munger

  • #29
    Charles T. Munger
    “If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.”
    Charlie Munger

  • #30
    Charles T. Munger
    “I think a life properly lived is just learn, learn, learn all the time.”
    Charlie Munger



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