751 Quotes by Charlie Munger

I’m used to people with very high IQs knowing how to recognize reality, but there’s a huge human tendency where it may be instructive to think that whatever you’re doing to succeed is all right.

We tend to buy things – a lot of things – where we don’t know exactly what will happen, but the outcome will be decent.

I think we have some special talents. That being said, I think it’s dangerous to rely on special talents – it’s better to own lots of monopolistic businesses with unregulated prices. But that’s not the world today. We have made money exercising our talents and will continue to do so.

I think the main figure that matters to all of us, including people in the media, is: How does GDP per capita grow? And those figures have been very good. There is a huge flux both up and down, so it isn’t like we’re all static in status. What’s important is that pie grows.

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

In the corporate world, if you have analysts, due diligence, and no horse sense, you’ve just described hell.

I’d rather throw a viper down my shirt front than hire a compensation consultant.

I constantly see people rise in life who are not the smartest – sometimes not even the most diligent. But they are learning machines; they go to bed every night a little wiser than when they got up. And, boy, does that habit help, particularly when you have a long run ahead of you.

We’re the tortoise that has outrun the hare because it chose the easy predictions.