751 Quotes by Charlie Munger

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.

As I continued through Cicero's pages, I found much more material celebrating my way of life ...

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

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.

Cicero's words also increased my personal satisfaction by supporting my long-standing rejection of a conventional point of view.

It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.

Whoever makes you smarter a little earlier in life makes you better

For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture [of conservatism] runs pretty deep.