25 Greatest Charlie Munger Quotes of All Time
Here are the 25 greatest Charlie Munger quotes of all time! It’s pretty clear that Munger’s learnt what he knows by reading the words of others, and without doubt he knows a heck of a lot.
In just the same way Munger got his know-how, anybody who reads his words can’t help but learn something valuable.
He’s an architect, investor, businessman, former real estate attorney, chairman of Daily Journal Corp. board member of Costco, major philanthropist….. and of course most famously one half of the two man dream team that runs Berkshire Hathaway. (The other one being a certain Warren Buffett!)
Oh and did I mention the fact that he’s worth a cool $1.7billion!
To the masses, Munger plays the support role to Buffet in a lethal double act, but to his army of fans he is a superstar in his own right. A lot of them are disciples of his investing mastery. Though Buffet gets most of the credit from the outside world, Munger gets most of the credit from Buffet.
Whether its fans talking or fellow finance professionals, if there’s one topic that crops up again and again when people talk about Munger, it is how intelligent he is. It’s clear Buffet has learnt a lot from him. In fact, on many occasions Buffet has said, Charlie has been a wonderful teacher to him.
But he’s not just a great teacher, his real talent lies in study. Even in his mid nineties. Just about every interview he gives gets him waxing lyrical about the benefits of continuous learning.
In fact, I’d go so far as to say he spends more time learning stuff than just about anything else he does. At least that’s the impression he gives. How he acquires that new knowledge can be described in three words: Reading, reading, reading!
You don’t have to spend much time going through his quotes to get the impression both Buffet and Munger spend a good deal of their days reading.
In fact around two thirds of these Munger quotes touch on the subject.
Simplicity and patience also come across as clearly important to Munger.
25 Greatest Charlie Munger Quotes of All Time
In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. 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
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
We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.
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.
Charlie Munger
Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.
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
Go to bed smarter than when you woke up.
Charlie Munger
Knowing what you don’t know is more useful than being brilliant.
Charlie Munger
Those who keep learning, will keep rising in life.
Charlie Munger
Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
Charlie Munger
The best thing a human being can do is to help another human being know more.
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.
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
This habit of committing far more time to learning and thinking than to doing is no accident.
Charlie Munger
There is no better teacher than history in determining the future… There are answers worth billions of dollars in 30$ history book.
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
It’s amazing how intelligent it is just to spend some time sitting. A lot of people are way too active.
Charlie Munger
If you’re going to live a long time, you have to keep learning — what you formerly knew is never enough. So if you don’t learn to constantly revise your earlier conclusions, and get better ones, you are — I always use the same metaphor — you’re like a one-legged man in an ass-kicking contest.
Charlie Munger
Extreme patience combined with extreme decisiveness.
Charlie Munger
We have a passion for keeping things simple.
Charlie Munger
People calculate too much and think too little.
Charlie Munger
Take one simple idea and take it seriously.
Charlie Munger
If something is too hard, we move on to something else. What could be simpler than that?
Charlie Munger
You don’t have to have the kind of ability that quantum mechanics requires. You just have to know a few simple things and really know them.
Charlie Munger
All I want to know is where I’m going to die so I’ll never go there.
I hope you learnt something from reading them. I know I did.
