“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.”
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“In the world of business, the people who are most successful are those who are doing what they love.”
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“We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.”
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“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.”
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
Ankit’s 2025 Year in Books
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