27 Charlie Munger Quotes for You to Enjoy

Charlie Munger

American Businessman

Born: Jan 1, 1924

Good Great Money People Think You

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

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

Best You Together Yourself People Bad People Try Will Example Honorable Way Bad Best Way Stupidities Glued Fix Get Grandchildren Succeed Your Teaching Avoid Rid Right

Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison. Charlie Munger

Buy Hope God Family Bitcoin Poison Would Like Up Children Want Who Growing Growing Up Noxious Things Buying

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

Time You Mistake People World Giving Pay Think Extra Everybody About Drifting Price Advantage Practically Huge Being Anything Much Productive Who Multitask Deeply

There's danger in just shoveling out money to people who say, 'My life is a little harder than it used to be.' At a certain place you've got to say to the people, 'Suck it in and cope, buddy. Suck it in and cope.' Charlie Munger

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat. Charlie Munger

Good You People Better Believe Think Immediately Kind Costco More Civilization Better Place Around Does Rockefeller Very Bunch Intelligent Than Intelligent People Get Trying Sitting Suspicious Place Foundation Seat

Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses. Charlie Munger

Buy Great Family You People Think Sew Civilized Invest Great Thing Gold Vienna Your Productive Businesses Garments Thing Jewish

There's more honor in investment management than in investment banking. Charlie Munger

Finance Management Honor More Investment Than Banking

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

You Reality People Whatever Think Recognize High Tendency Knowing How Doing Huge Very May Human Where Succeed Used Right

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

I love when I think we're taking territory - if it makes sense in the long term, we just don't give a damn what it looks like in the short term. After all, we're running a cult, not a normal company. Charlie Munger

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it. Charlie Munger

Future News Mistake Better Made Think Setting Recognize Bad Easy Bad News Directly Make Came Regard Fargo Incentives

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

You Together Remember Try First Back Rule Facts Know Isolated Bang Hang Just Form Anything Them Really Usable Theory

Most people don't grab the right ideas or don't know what to do with them. Charlie Munger

People Ideas Know Most Grab Them Right

I've got some advice for the young: If you've got anything you really want to do, don't wait until you're 93. Charlie Munger

You Wait Advice Young Some Until Got Want Anything Really

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

Success Generation Will Reading Predict This Generation Focused Devices Look Than Confidently Just Warren Less Who Electronic Multitasking

I will say this: I know no wise person who doesn't read a lot. I suspect that you can read on the computer now and get a lot of benefit out of it, but I doubt that it'll work as well as reading print worked for me. Charlie Munger

If any successes has come to me, it came because I insisted on thinking things through. That's all I was capable of doing in life, was thinking pretty hard about trying to get the right answer, and then acting on it. I never learned to do anything else. Charlie Munger

Life Me Thinking Else Pretty About Insisted Through Never Come Learned Because Answer Doing Came Get Trying Any Anything Anything Else Capable Then Successes Acting Hard Right Things Right Answer

It's 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

People Stupid Consistently Remarkable Instead Advantage Long-Term Like How Gotten How Much Very Intelligent Trying Us Much

That's the last thing on Earth you should think about... There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin... It is total insanity. Charlie Munger

It is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin... They tell you there are rules and they can't do it. Don't believe them. Charlie Munger

Me You Man Bitcoin Value Believe Think Way Rules Easily Tell One Thing Some Rarity Somehow Inventing More Marvelous Advantage Because Very Getting Gold Store Them Capable Creating Thing

Charlie Munger Quotes

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