Home > Author > Charles T. Munger
1 " 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 ofundeserving people. "
― Charles T. Munger
2 " Go to bed smarter than when you woke up. "
3 " 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
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 " How to find a good spouse?-the best single way is to deserve a good spouse. "
6 " 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. "
7 " Well, the first rule is that you can’t really know anything if you just remember isolated facts and try to bang ‘em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form. You’ve got to have mental models in your head. And you’ve got to array your experience, both vicarious and direct, on this latticework of models. "
8 " 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. "
9 " 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. "
10 " 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. "
11 " 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. "
12 " What are the secret of success?-one word answer :"rational "
13 " People calculate too much and think too little. "
14 " The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor. "
15 " The best armour of old age is a well spent life perfecting it. "
16 " In my whole life, I have known no wise people (over a board subject matter area) who didn't read all the time - none, zero. You'd be amazed 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. "
17 " 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. "
18 " The best armour of old age is a well spent life preceding it. "
19 " I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings. "
20 " We have three baskets: in, out, and too tough. … We have to have a special insight, or we’ll put it in the “too tough” basket. "
