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Category: Charlie Munger

Top Charlie Munger 14 Audio Mp3 Pdf Quotes Mental Models, Rules for Life

Quotations from Charlie Munger for Personal Development, Self Help, business, reading, Investing . Insightful, Memorable Audio Quotes Mp3 and Thoughts.

“ I have three basic rules. Meeting all three is nearly impossible, but you should try anyway:1. Don’t sell anything you wouldn’t buy yourself. 2. Don’t work for anyone you don’t respect and admire. 3. Work only with people you enjoy. ” – Charlie Munger

“ You’ve got to have models in your head. And you’ve got to array your experience – both vicarious and direct – on this latticework of models. You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and fail in life. You’ve got to hang experience on a latticework of models in your head. ” – Charlie Munger

“ What do you want to avoid? Such an easy answer: sloth and unreliability. If you’re unreliable, it doesn’t matter what your virtues are. You’re going to crater immediately. Doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability. ” – Charlie Munger

“ You must know the big ideas in the big disciplines and use them routinely – all of them, not just a few. Most people are trained in one model – economics, for example – and try to solve all problems in one way. You know the old saying: To the man with a hammer, the world looks like a nail. This is a dumb way of handling problems. ” – Charlie Munger

“ What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ’em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form. ” – Charlie Munger

“ If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one–legged man in an ass–kicking contest. You’re giving a huge advantage to everybody else. ” – Charlie Munger

“ Warren Buffett has become one hell of a lot better investor since the day I met him, and so have I. If we had been frozen at any given stage, with the knowledge hand we had, the record would have been much worse than it is. so the game is to keep learning, and I don’t think people are going to keep learning who don’t like the learning process. ” – Charlie Munger

“ It is occasionally possible for a tortoise, content to assimilate proven insights of his best predecessors, to outrun hares that seek originality or don’t wish to be left out of some crowd folly that ignores the best work of the past. This happens as the tortoise stumbles on some particularly effective way to apply the best previous work, or simply avoids standard calamities. ” – Charlie Munger

“ We’re partially putting out large amounts of money where we won’t have to make another decision. If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That’s hard. But if you buy a few great companies, then you can sit on your ass. That’s a good thing. ” – Charlie Munger

“ We try more to profit from always remembering the obvious than from grasping the esoteric. It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. ” – Charlie Munger

“ I met the towering intellectuals in books, not in the classroom, which is natural. I can’t remember when I first read Ben Franklin. I had Thomas Jefferson over my bed at seven or eight. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.” – Charlie Munger

“ I think people who multitask pay a huge price. They think they’re being extra productive, and I think when you multitask so much you don’t have time to think about anything deeply, you are giving the world an advantage you shouldn’t do, and practically everybody is drifting into that mistake.” – Charlie Munger

“ There’s more honor in investment management than in investment banking.” – Charlie Munger

“ Everyone has the idea of owning good companies. The problem is that they have high prices in relation to assets and earnings, and that takes all of the fun out of the game.” – Charlie Munger

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Charlie Munger 20 Most Inspiring Audio Mp3 Quotes Investing, Risking, Discipline, Psychology

20 Inspiring Sayings, Citations Audio Mp3, Pdf Saving and Ideas. Often better than Pictures or Audiobooks by Charlie Munger. Related Books: Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger; Seeking Wisdom: From Darwin to Munger; On Success.

“ 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.” – Charlie 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. ” – Charlie 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.” – Charlie Munger

“ The best thing a human being can do is to help another human being know more.” – Charlie Munger

“ Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.” – Charlie Munger

“ Remember that reputation and integrity are your most valuable assets – and can be lost in a heartbeat. ” – Charlie Munger

“ We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so that we could avoid them. ” – Charlie Munger

“ I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn’t understand both is a damned fool. ” – Charlie Munger

“ Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.” – Charlie Munger

“ If you’re glued together right and honorable, you will succeed. Get in there and get rid of stupidities and avoid bad people. Try teaching that to your grandchildren. The best way is by example. Fix yourself.” – Charlie Munger

“ Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted the independence. I desperately wanted it.” – Charlie Munger

“ When any guy offers you a chance to earn lots of money without risk, don’t listen to the rest of his sentence. Follow this, and you’ll save yourself a lot of misery. ” – Charlie Munger

“ You’ll do better if you have passion for something in which you have aptitude. If Warren had gone into ballet, no one would have heard of him. ” – Charlie Munger

“ I’m used to people with very high IQs knowing how to recognize reality, but there’s a huge human tendency where it may be instructive to think that whatever you’re doing to succeed is all right.” – Charlie Munger

“ People are trying to be smart – all I am trying to do is not to be idiotic, but it’s harder than most people think.” – Charlie Munger

“ 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.” – Charlie Munger

“ If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.” – Charlie 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.” – Charlie Munger

“ I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you’re well on you way to success in this world. ” – Charlie Munger

“ Everywhere there is a large commission, there is a high probability of a rip-off. ” – Charlie Munger

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