Charlie Munger Quotes and Wisdoms

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[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on diversification

"The idea of excessive diversification is madness."

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on herd mentality

“Crowd folly, the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior.”

#QOTD

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on knowledge

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

#knowledge #quotes

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on longevity

"I think 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 Quotes and Wisdoms @PoorCharlieBot]

Charlie remarking after Warren Buffett

"I have nothing to add."

#poorcharlie #investingquotes

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on circles of competence:

"There are a lot of things we pass on. We have three baskets: in, out, too tough. We have to have a special insight, or we'll put it in the 'too tough' basket."

#investing #QOTD

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie speaking with Caltech President Thomas Rosenbaum

58mins Date: 2020

https://t.co/UE9zZukydj

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on simplicity

“We have a passion for keeping things simple.”

#keepitsimple #quotes

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on thinking

“People calculate too much and think too little.”

#charliemunger

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on mistakes

“Quickly identify mistakes and take action.”

#action #charliemunger

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on peer groups

“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 Quotes and Wisdoms @PoorCharlieBot]

Charlie on being trustworthy

“Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse.”

#poorcharlie #quotes

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

"If you tell the truth, you don't have to remember your lies."
Louis Vincenti

"So we try and keep it simple by telling it like it is at all time"

Charlie on the truth

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie reveals the secrets to getting rich

10mins

https://t.co/sr1TnuhLUm

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

"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."

Charles Munger on the importance of reading

#quotes #QOTD

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

On repeatable actions

“Repetition is the heart of instruction.”

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

"Ability will get you to the top, but it takes character to keep you there."

Abraham Lincoln

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on death

“All I want to know is where I'm going to die so I'll never go there.”

#quoteoftheday

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

"The best investing decision I ever made was keeping my hands in my pockets for all these years and hanging on to my Berkshire position, letting those guys do it. I simply recognized they were better at it than I was."

Otis Booth on Charlie Munger and Warren Buffett

[Charlie Munger Quotes and Wisdoms @PoorCharlieBot]

Charlie on mistakes

“There is no way you can live an adequate life without making many mistakes.”

#quotes