Skppy Velez > Skppy's Quotes

“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

“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

“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

“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

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

“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

“Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.”
― Charles T. Munger, Charlie Munger: The Complete Investor

“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

“The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.”
― Charlie Munger

“Mimicking the herd invites regression to the mean (merely average performance).”
― Charles T. Munger, Charlie Munger: The Complete Investor

“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.”
― Charles T. Munger

“A society to be successful must maintain a balance between nurturing excellence and encouraging the average to improve.”
― Kuan Yew Lee, The Wit and Wisdom of Lee Kuan Yew

“Whoever governs Singapore must have that iron in him. Or give it up. This is not a game of cards! This is your life and mine! I've spent a whole lifetime building this and as long as I'm in charge, nobody is going to knock it down.”
― Lee Kuan Yew

“The task of the leaders must be to provide or create for them a strong framework within which they can learn, work hard, be productive and be rewarded accordingly. And this is not easy to achieve.”
― Lee Kuan Yew, The Singapore Story: Memoirs of Lee Kuan Yew

“Mine is a very matter-of-fact approach to the problem. If you can select a population and they're educated and they're properly brought up, then you don't have to use too much of the stick because they would already have been trained. It's like with dogs. You train it in a proper way from small. It will know that it's got to leave, go outside to pee and to defecate. No, we are not that kind of society. We had to train adult dogs who even today deliberately urinate in the lifts.”
― Lee Kuan Yew

“After trying out a number of ways to reduce inequalities and failing, I was gradually forced to conclude that the decisive factors were the people, their natural abilities, education and training. Knowledge and the possession of technology were vital for the creation of wealth.”
― Lee Kuan Yew, The Singapore Story: Memoirs of Lee Kuan Yew

“We are pragmatists. We don't stick to any ideology. Does it work? Let's try it, and if it does work, fine, let's continue it. If it doesn't work, toss it out, try another one. We are not enamored with any ideology.”
― Lee Kuan Yew

“If you do not know history, you think short term. If you know history, you think medium and long term”
― Lee Kuan Yew