Quotes Category: Charlie Munger

One of the greatest ways to avoid trouble is to keep it simple.

If you stay rational yourself, the stupidity of the world helps you.

If you’re relentlessly rational, you don’t make a lot of mistakes other people made.

Being a prodigy is hard. I’m not trying to be prodigy. I’m just trying to avoid insanities.

If you’re not willing to react with equanimity to a market price decline of 50%, you’re not fit to be a common shareholder, and you deserve the mediocre result you are going to get.

Avoid working directly under somebody you don’t admire and don’t want to be like.

A lot of success in life and in business comes from knowing what you really want to avoid.

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

Invest in a business any fool can run, because someday a fool will.

Knowing what you don’t know is more useful than being brilliant.