751 Quotes by Charlie Munger

We don't like trading agony for money

People are trying to be smart - all I am trying to do is not to be idiotic, but it's harder than most people think.

I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote.

There's no way that you can live an adequate life without making many mistakes.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

Show me the incentive and I will show you the outcome

If you have only a little capital and are young today, there are fewer opportunities than when I was young. Back then, we had just come out of a depression. Capitalism was a bad word. There had been abuses in the 1920s. A joke going around then was the guy who said, 'I bought stock for my old age and it worked - in six months, I feel like an old man!' "It's tougher for you, but that doesn't mean you won't do well - it just may take more time. But what the heck, you may live longer."

The perfect example of Darwinism is what technology has done to businesses.

We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.