751 Quotes by Charlie Munger

The tradition of always looking for the answer in the most fundamental way available – that is a great tradition, and it saves a lot of time in this world.

If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

Economics is in many respects the queen of the soft sciences. It’s expected to be better than the rest. It’s my view that economics is better at the multi-disciplinary stuff than the rest of the soft science. And it’s also my view that it’s still lousy...

It’s not a competency if you don’t know the edge of it.

I’m a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.

In my life there are not that many questions I can’t properly deal with using my $40 adding machine and dog-eared compound interest table.

The game is to keep learning, and I don’t think people are going to keep learning who don’t like the learning process.

There is the sheer amount of Franklin’s wisdom. And the talent. Franklin played four instruments. He was the nation’s leading scientist and inventor, plus a leading author, statesman, and philanthropist. There has never been anyone like him.

There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.