Money and Finance
- Mastering The Work Of Your Predecessors...
From Poor Charlie's Almanack:There once was a man who assiduously mastered the work of his best predecessors, despite a poor start and very tough time in analytical geometry. Eventually, his own work attracted wide attention, and he said of his...
- Charlie Munger On How He Invested When Younger Compared To Today, And How He Reads Books
I’ve posted iterations of these quotes from the Daily Journal Annual Meeting, but they are worth repeating yet again because I really think they show the shift Munger made not just in his investment focus, but also how he adjusted his activities to...
- Charlie Munger: The Importance Of Multiple Mental Models
From Poor Charlie's Almanack, and what I think is the single most important idea I carry with me when it comes to going through life: You must know the big ideas in the big disciplines and use them routinely--all of them, not just a few. Most people...
- Keeping It Simple...
Quotes from the section on 'Simplification' in Seeking Wisdom - from Darwin to Munger by Peter Bevelin. "We have a passion for keeping things simple." -Charles Munger "It's amazing how many people even today use a computer to do something...
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...
Money and Finance
Santangel’s Review: Charlie Munger quotes
Link to: Quotes on Intelligent Investing – Charlie Munger Edition
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A few I especially like:
“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.”
“We both 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. So Warren and I do more reading and thinking and less doing than most people in business. We do that because we like that kind of a life. But we’ve turned that quirk into a positive outcome for ourselves.”
“The way to win is to work, work, work, work and hope to have a few insights… And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.”
“Darwin probably changed my life because I’m a biography nut, and when I found out the way he always paid extra attention to the disconfirming evidence and all these little psychological tricks. I also found out that he wasn’t very smart by the ordinary standards of human acuity, yet there he is buried in Westminster Abbey. That’s not where I’m going, I’ll tell you.”
- Mastering The Work Of Your Predecessors...
From Poor Charlie's Almanack:There once was a man who assiduously mastered the work of his best predecessors, despite a poor start and very tough time in analytical geometry. Eventually, his own work attracted wide attention, and he said of his...
- Charlie Munger On How He Invested When Younger Compared To Today, And How He Reads Books
I’ve posted iterations of these quotes from the Daily Journal Annual Meeting, but they are worth repeating yet again because I really think they show the shift Munger made not just in his investment focus, but also how he adjusted his activities to...
- Charlie Munger: The Importance Of Multiple Mental Models
From Poor Charlie's Almanack, and what I think is the single most important idea I carry with me when it comes to going through life: You must know the big ideas in the big disciplines and use them routinely--all of them, not just a few. Most people...
- Keeping It Simple...
Quotes from the section on 'Simplification' in Seeking Wisdom - from Darwin to Munger by Peter Bevelin. "We have a passion for keeping things simple." -Charles Munger "It's amazing how many people even today use a computer to do something...
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...