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Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger QUOTES

Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger QUOTES

1 " 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

2 " 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

3 " 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

4 " 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

5 " 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

6 " 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

7 " 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

8 " The best armour of old age is a well spent life perfecting it. "

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

9 " 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. "

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

10 " The best armour of old age is a well spent life preceding it. "

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

11 " I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings. "

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

12 " 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

13 " The reason we avoid the word "synergy" is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises. Berkshire is full of synergies - we don't avoid synergies, just claims of synergies. "

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

14 " It's not the bad ideas that do you in, it’s the good ideas. And you may say, 'That can't be so. That's paradoxical. What he [Graham] meant was that if a thing is a bad idea, it’s hard to overdo. But where there is a good idea with a core of essential and important truth, you can’t ignore it. And then it's so easy to overdo it. So the good ideas are a wonderful way to suffer terribly if you overdo them "

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