Charles Munger quotes talk about how one can become wealthy and the type of mindset you should have for success. One name is repeated often in his quotes and that is the name, Warren Buffett. Munger is a billionaire and attributes his success to reading lots of books. Another billionaire who reads a lot is Bill Gates.
Charles Munger Wiki
Charles Munger, also called Charlie Munger is an American philanthropist, businessman, and investor. He was once a real estate attorney but now partners with Warren Buffett as the vice chairman of Berkshire Hathaway. Munger made most of his money as a lawyer in the real estate business. Below are a number of quotes from him.
Best Charles Munger Quotes
“The best thing a human being can do is to help another human being know more.”
“Always take the high road, it’s far less crowded.”
“Take a simple idea and take it seriously.”
"People calculate too much and think too little.”
“In my whole life, I have known no wise people who didn’t read all the time – none, zero.”
“Knowing what you don’t know is more useful than being brilliant.”
“Those who keep learning, will keep rising in life.”
“Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted independence. I desperately wanted it.”
“We have a passion for keeping things simple.”
“You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas.”
“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.”
“I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.”
“No wise pilot, no matter how great his talent and experience, fails to use a checklist.”
“The big money is not buying and selling. But in the waiting. No wise pilot, no matter how great his talent and experience, fails to use a checklist.”
“Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.”
“Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; and 3. Work only with people you enjoy.”
“Live within your income and save so that you can invest. Learn what you need to learn.”
“Extreme patience combined with extreme decisiveness.”
“Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.”
“This habit of committing far more time to learn and thinking than to doing is no accident.”
“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”
“Acquire worldly wisdom and adjust your behaviour accordingly.”
“Invest in a business any fool can run, because someday a fool will. If it won’t stand a little mismanagement, it’s not much of a business.”
“You need a different checklist and different mental models for different companies. I can never make it easy by saying, ‘Here are three things.’ You have to derive it yourself to ingrain it in your head for the rest of your life.”