Charles Thomas Munger (born January 1, 1924) is an American businessman, lawyer, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; in this capacity...
It’s not that much fun to buy a company that you hope liquidates at a profit just before it is destined to go broke. Charlie Munger
It’s not that much fun to buy a company that you hope liquidates at a profit just before it is destined to go broke.
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
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.”
I never went back to the high tech [investing] mode. I tried it once and found it to have many problems. I was like Mark Twain’s cat that, after a bad experience, never again sat on a hot stove, or on a cold stove either. Charlie Munger
I never went back to the high tech [investing] mode. I tried it once and found it to have many problems. I was like Mark Twain’s cat that, after a bad experience, never again sat on a hot stove, or on a cold stove either.
People underrate the importance of a few simple big ideas – the chief lesson is that a few big ideas really work. Charlie Munger
People underrate the importance of a few simple big ideas – the chief lesson is that a few big ideas really work.
[About being a lawyer] There is now more money to be made from law, but less time to enjoy it. Charlie Munger
[About being a lawyer] There is now more money to be made from law, but less time to enjoy it.
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.” Charlie Munger
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.”
[When Charlie was 19 enlisted in the army during world war II] I said I wanted a lot of children, a house with lots of books, and enough money to have freedom. Charlie Munger
[When Charlie was 19 enlisted in the army during world war II] I said I wanted a lot of children, a house with lots of books, and enough money to have freedom.
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, 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,
If, in your thinking, you rely entirely on others, often through purchase of professional advice, whenever outside a small territory of your own, you will suffer much calamity. Charlie Munger
If, in your thinking, you rely entirely on others, often through purchase of professional advice, whenever outside a small territory of your own, you will suffer much calamity.
Live within your income and save so that you can invest. Learn what you need to learn. Charlie Munger
Live within your income and save so that you can invest. Learn what you need to learn.
I am quite pleased with my children in terms of morality, behaviour and such. Charlie Munger
I am quite pleased with my children in terms of morality, behaviour and such.
When it was over [initial real estate investing], I had $1.4 million as the result of my real estate involvement, that was a lot of money at the time. Some was in seconds [trust deeds], and so forth, form people who bought apartments. Later the seconds we Charlie Munger
When it was over [initial real estate investing], I had $1.4 million as the result of my real estate involvement, that was a lot of money at the time. Some was in seconds [trust deeds], and so forth, form people who bought apartments. Later the seconds we
