Tao of Charlie Munger - Deepstash

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CHARLIE MUNGER

“Acknowledging what you don’t know is the dawning of wisdom.”

CHARLIE MUNGER

77

1.31K reads

CHARLIE MUNGER

“In my whole life, I have known no wise people who didn’t read all the time—none, zero. You’d be amazed at how much Warren reads—and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

CHARLIE MUNGER

78

948 reads

CHARLIE MUNGER

“In marriage, you shouldn’t look for someone with good looks and character. You look for someone with low expectations.”

CHARLIE MUNGER

81

968 reads

CHARLIE MUNGER

“Most people are trained in one model—economics, for example—and try to solve all problems in one way.

You know the saying: ‘To the man with a hammer, the world looks like a nail.’ This is a dumb way of handling problems.”

CHARLIE MUNGER

84

849 reads

CHARLIE MUNGER

“It’s bad to have an opinion you’re proud of if you can’t state the arguments for the other side better than your opponents. This is a great mental discipline.”

CHARLIE MUNGER

88

828 reads

CHARLIE MUNGER

“Remember Louis Vincenti’s rule: ‘Tell the truth, and you won’t have to remember your lies.’”

CHARLIE MUNGER

85

817 reads

CHARLIE MUNGER

“If you can’t somehow find yourself very interested in something, I don’t think you’ll succeed very much, even if you’re fairly smart.”

CHARLIE MUNGER

87

773 reads

CHARLIE MUNGER

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

CHARLIE MUNGER

85

753 reads

CHARLIE MUNGER

“There’s no way that you can live an adequate life without many mistakes.

In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.”

CHARLIE MUNGER

77

691 reads

CHARLIE MUNGER

“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”

CHARLIE MUNGER

79

689 reads

CHARLIE MUNGER

“I’ve heard Warren say a half a dozen times, ‘It’s not greed that drives the world, but envy.’”

CHARLIE MUNGER

83

655 reads

CHARLIE MUNGER

“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;
  3. Work only with people you enjoy.”

CHARLIE MUNGER

97

654 reads

CHARLIE MUNGER

“The best way to get a good spouse is to deserve a good spouse.”

CHARLIE MUNGER

83

653 reads

CHARLIE MUNGER

“Spend each day trying to be a little wiser than you were when you woke up.”

CHARLIE MUNGER

85

639 reads

CHARLIE MUNGER

“I think the attitude of Epictetus is the best.

He thought that every missed chance in life was an opportunity to behave well, every missed chance in life was an opportunity to learn something, and that your duty was not to be submerged in self-pity, but to utilize the terrible blow in constructive fashion.

That is a very good idea.”

CHARLIE MUNGER

84

587 reads

CHARLIE MUNGER

“Capitalism without failure is like religion without hell.”

CHARLIE MUNGER

74

639 reads

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

73

593 reads

CHARLIE MUNGER

“I succeeded because I have a long attention span.”

CHARLIE MUNGER

78

591 reads

CHARLIE MUNGER

“Mimicking the herd invites regression to the mean.”

CHARLIE MUNGER

72

622 reads

CHARLIE MUNGER

“You should never, when faced with one unbelievable tragedy, let one tragedy increase into two or three because of a failure of will.”

CHARLIE MUNGER

78

556 reads

CHARLIE MUNGER

“The desire to get rich fast is pretty dangerous.”

CHARLIE MUNGER

71

568 reads

CHARLIE MUNGER

“Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand—you must learn to handle mistakes and new facts that change the odds.”

CHARLIE MUNGER

76

549 reads

IDEAS CURATED BY

prince_rahul

"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."

CURATOR'S NOTE

Charles Thomas Munger (Age-99) (born January 1, 1924) is an American businessman, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner.

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