The Best Charlie Munger quotes

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The success setup

Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.


    The success setup

    Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.


      Charlie is a legend in the finance world. He has been called the greatest living investor, by Forbes magazine and one of the ten most influential people of all time, according to Time Magazine. In his long career as a successful businessman and investment advisor, Charlie has sustained an unprecedented level of success with his company Berkshire Hathaway. His life story is full of insights for entrepreneurs and business owners alike that can help them achieve their goals through hard work, intelligence and innovation. This blog post will cover some key moments from Charlie’s life which have shaped him into who he is today- a true titan in the world of finance.
      We are glad to present you the most inspiring sentences from Charlie Munger.
      We are glad to present you the deepest Money, Life, Learninging, Trying, Value, Investing, Time quotes from Charlie Munger, and much more.


      About Charlie Munger

      birth of the author

      January 1, 1924

      college of the author

      Alma Mater:
      Harvard University
      California Institute Of Technology
      University Of Michigan

      occupation of the author


      knownfor of the author

      Known For:
      Leading Investments At Berkshire Hathaway With Warren Buffett

      money of the author

      Net Worth:
      Us$1.9 Billion

      title of the author

      Vice Chairman, Berkshire Hathaway

      country of the author

      United States

      date of the author

      Years Of Service:

      army of the author

      Second Lieutenant

      army of the author

      World War Ii


      If you’re unhappy with what you’ve had over the last 50 years, you have an unfortunate misappraisal of life. It’s as good as it gets, and it’s very likely to get worse. — Charlie Munger

      Your life must focus on the maximization of objectivity. — Charlie Munger

      Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating. — Charlie Munger

      Why should it be easy to do something that, if done well, two or three times, will make your family rich for life? — Charlie Munger

      your life must focus on the maximization of objectivity Charlie Munger quote

      The best armour of old age is a well spent life preceding it. — Charles T. Munger

      This is a good life lesson: getting the right people into your system is the most important thing you can do. — Charlie Munger

      Without numerical fluency, in the part of life most of us inhibit, you are like a one–legged man in an ass–kicking contest. — Charlie Munger

      We have found in a long life that one competitor is frequently enough to ruin a business. — Charlie Munger

      You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here. — Charlie Munger

      we have found in a long life that one competitor is frequently enough to ruin a business Charlie Munger quote

      I did not succeed in life by intelligence. I succeeded because I have a long attention span. — Charlie Munger

      A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc. — Charlie Munger

      Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won. — Charlie Munger

      The success setup

      Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.


        The success setup

        Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.


          I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. — Charlie Munger

          Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you’re going to be a great thinker. — Charlie Munger

          Being short and seeing a promoter take the stock up is very irritating. It’s not worth it to have that much irritation in your life. — Charlie Munger

          There’s no way that you can live an adequate life without making many mistakes. — Charlie Munger

          As I continued through Cicero’s pages, I found much more material celebrating my way of life. — Charlie Munger

          If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation. — Charlie Munger

          A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another. — Charlie Munger

          It’s been my experience in life if you just keep thinking and reading, you don’t have to work. — Charlie Munger

          In my life there are not that many questions I can’t properly deal with using my $40 adding machine and dog–eared compound interest table. — Charlie Munger

          We have a history when things are really horrible of wading in when no one else will. — Charlie Munger

          How to find a good spouse?–the best single way is to deserve a good spouse. — Charles T. Munger

          F.a.s.b’ … ‘Financial Accounts Still Bogus’. — Charlie Munger


          Those who keep learning will keep rising in life. — Charlie Munger

          The name of the game is continuing to learn. Even if you’re very well trained and have some natural aptitude, you still need to keep learning. — Charlie Munger

          The game of life is the game of everlasting learning. At least it is if you want to win. — Charlie Munger

          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

          If we’ve been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind. — Charlie Munger

          those who keep learning will keep rising in life Charlie Munger quote

          Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you. — Charlie Munger


          If (investing) weren’t a little difficult, everybody would be rich. — Charlie Munger

          We have three baskets for investing: yes, no, and too tough to understand. — Charlie Munger

          Great investing requires a lot of delayed gratification. — Charlie Munger

          Investing is where you find a few great companies and then sit on your ass. — Charlie Munger

          if investing weren t a little difficult everybody would be rich Charlie Munger quote

          Warren spends 70 hours a week thinking about investing . — Charlie Munger

          If you have the opportunities of Berkshire, an investment in gold is dumb. — Charlie Munger


          If the value of a company doesn’t just scream out at you, it’s too close. — Charlie Munger

          You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing. — Charlie Munger

          The only intelligence investing is value investing…to acquire more than one is paying for. — Charlie Munger

          if the value of a company doesn t just scream out at you it s too close Charlie Munger quote

          I’m proud to be associated with the value system at Berkshire Hathaway; I think you’ll make more money in the end with good ethics than bad. — Charlie Munger

          The basic concept of value to a private owner and being motivated when you’re buying and selling securities by reference to intrinsic value instead of price momentum–I don’t think that will ever be outdated. — Charlie Munger

          You must value the business in order to value the stock. — Charlie Munger

          To some extent, stocks are like Rembrandts. They sell based on what they’ve sold in the past. Bonds are much more rational. No–one thinks a bond’s value will soar to the moon. — Charlie Munger

          We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value. — Charlie Munger

          you must value the business in order to value the stock Charlie Munger quote

          Determine value apart from price; progress apart from activity; wealth apart from size. — Charlie Munger

          All intelligent investing is value investing–acquiring more that you are paying for. You must value the business in order to value the stock. — Charlie Munger

          I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it. — Charlie Munger

          Redundant Thematics

          In Charlie Munger Statements


          A great business at a fair price is superior to a fair business at a great price. — Charlie Munger

          If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply. — Charlie Munger


          Litigation is notoriously time–consuming, inefficient, costly and unpredictable. — Charlie Munger

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

          If you can buy the best companies, over time the pricing takes care of itself. — 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

          It’s a real pleasure to earn the trust of your customers slowly over time by doing what’s right. — Charlie Munger

          litigation is notoriously time consuming inefficient costly and unpredictable Charlie Munger quote

          If it is wisdom you’re after, you’re going to spend a lot of time on your ass reading. — Charlie Munger

          The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple. — Charlie Munger

          If you don’t keep learning, other people will pass you by. Temperament alone won’t do it–you need a lot of curiosity for a long, long time. — Charlie Munger

          You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time. — Charlie Munger

          Spend less than you make; always be saving something. Put it into a tax–deferred account. Over time, it will begin to amount to something. This is such a no–brainer. — Charlie Munger

          if you can buy the best companies over time the pricing takes care of itself Charlie Munger quote

          The normal expectancy of the average investor–for example, the pension funds of AT&T or IBM–is 6% for a long time. — Charlie Munger

          You don’t have to have perfect wisdom to get very rich–just a bit better than average over a long period of time. — Charlie Munger

          The tradition of always looking for the answer in the most fundamental way available–that is a great tradition, and it saves a lot of time in this world. — Charlie Munger

          This habit of committing far more time to learning and thinking than to doing is no accident. — Charlie Munger

          I think that, every time you saw the word EBITDA, you should substitute the word ‘bullshit’ earnings. — Charlie Munger

          if it is wisdom you re after you re going to spend a lot of time on your ass reading Charlie Munger quote

          It would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn’t. — Charlie Munger

          As long as I have a book in my hand, I don’t feel like I’m wasting time. — Charlie Munger

          One could imagine a period like Japan13 years ago, however, in which indexing over time wouldn’t work. — Charlie Munger

          A board member should be perfectly willing to leave at any time and willing to make the tough calls. — Charlie Munger

          I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it. — Charlie Munger

          We all are learning, modifying, or destroying ideas all the time. — Charlie Munger

          Acquire worldly wisdom and adjust your behavior accordingly. — Charlie Munger


          Trying to prioritize among things we’re unlikely to do is pretty fruitless. — 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

          Financial institutions make us nervous when they’re trying to do well. — Charlie Munger

          trying to prioritize among things we re unlikely to do is pretty fruitless Charlie Munger quote

          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

          A majority of life’s errors are caused by forgetting what one is really trying to do. — Charlie Munger

          Spend each day trying to be a little wiser than you were when you woke up. — Charlie Munger

          Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — 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

          financial institutions make us nervous when they re trying to do well Charlie Munger quote

          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 your way to success in this world. — Charlie Munger


          The big money is not in the buying and selling … but in the waiting. — Charlie Munger

          A director who gets $150,000 per year from a company and needs the money is not independent. — Charlie Munger

          We’re partial to putting out large amounts of money where we won’t have to make another decision. — Charlie Munger

          A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn’t have rules that prevent it. — Charlie Munger

          the big money is not in the buying and selling but in the waiting Charlie Munger quote

          Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis–you must think biologically. — Charlie Munger

          I think it would be a great improvement if there were no D&O insurance . The counter–argument is that no–one with any money would serve on a board. But I think net net you’d be better off. — 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

          The success setup

          Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.

          The success setup

          Motivation & productivity Hacks and Mindsets from the most successful entrepreneurs.

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