Warren Buffett:
“You can't make a good deal with a bad person.
We just forget about it…We don't try to protect ourselves by contracts or due diligence…we just forget about it. We can do fine over time dealing with people who we like and admire and trust.”
Warren Buffett:
“Benjamin Graham said long ago that you’re neither right nor wrong because people agree with you or disagree with you…you’re right because your facts and reasoning are right.”
Charlie Munger: "I've always thought [architecture] was the queen of the arts. In other words, I think architecture does more good than painting or sculpture."
"I'm a big admirer of the potentiality of the profession. But I think a lot of people go into architecture because they are frustrated sculptors and they don't think with enough common sense — or uncommon sense — about what the hell they're doing."
(Yahoo Finance || 2019)
Charlie Munger:“There are a lot of things in life way more important than wealth. All that said, some people do get confused…
I play golf with a man and he says, ‘What good is health? You can’t buy money with it.’” 😂
Charlie Munger on how to live a successful life:
“I think personal discipline, personal morality, good colleagues, good ideas..all the simple stuff…All of those old virtues, they all work.”
Charlie Munger: “The opportunities in life are going to be rare...
The best and wisest are only going to get a few bigger opportunities, and you really have to step up to the pie counter and take a big helping when you get your small share.”
“Go to work for whomever you admire the most. You can’t get a bad result. You’ll jump out of bed in the morning and you’ll be having fun.”
— Warren Buffett
Warren Buffett: "There are times when opportunities are just thrown at you so fast that it's unbelievable — and then there are other times when you're very, very lucky if you find one thing [to buy] in a couple of years."
"Since humans love to gamble so much, there's more money in cultivating gamblers than in cultivating investors."
"If somebody had bought Berkshire [stock] fifty years ago, that guy would have made one commission. And he should spend the rest of his time telling the client, 'Don't do anything with it!' [But] that's just not the way [people act]. We can't expect that of humans."
“[Good investing] requires insulating yourself from popular opinion. You simply cannot pay attention to it. You’d be better off, just sitting and thinking a little bit.”
— Warren Buffett