Secrets of billionaire. Charlie Munger quotes

Here is the famous Charlie Munger quotes collection

1. The best thing a human being can do is to help another human being know more. ― Charlie Munger

2. Always take the high road, it’s far less crowded. ― Charlie Munger

3. Take a simple idea and take it seriously. ― Charlie Munger

4. Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris, I wanted independence. I desperately wanted it. ― Charlie Munger

5. The big money is not in the buying and the selling, but in the waiting. ― Charlie Munger 

6. Not everybody can learn everything. No matter how hard you try, there is always some guy or girl who achieves more. My attitude is, so what? Does any of us need to be at the very top of the whole world? It’s ridiculous. ― Charlie Munger

7. A great business at a fair price is superior to a fair business at a great price. ― Charlie Munger

8. You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time. ― Charlie Munger

9. People calculate too much and think too little. ― Charlie Munger

10. Acknowledging what you don’t know is the dawning of wisdom. ― Charlie Munger 

11. You don’t have to have the kind of ability that quantum mechanics requires. You just have to know a few simple things and really know them. ― Charlie Munger

12. Those who keep learning, will keep rising in life. ― Charlie Munger

13. Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won. ― Charlie Munger

14. Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve. ― Charlie Munger

15. It takes the character to sit with all that cash and to do nothing. I didn’t get to where I am by going after mediocre opportunities. ― Charlie Munger 

16. It’s not supposed to be easy. Anyone who finds it easy is stupid. ― Charlie Munger

17. Everywhere there is a large commission, there is a high probability of a rip-off. ― Charlie Munger

18. We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so that we could avoid them. ― Charlie Munger

19. You need patience, discipline, and an agility to take losses and adversity without going crazy. ― Charlie Munger

20. Don’t drift into self-pity because it doesn’t solve any problems. Generally speaking, envy, resentment, revenge and self-pity are disastrous modes of thoughts. ― Charlie Munger 

22. You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better. ― Charlie Munger

23. There is now more money to be made from law, but less time to enjoy it. ― Charlie Munger

24. Given a 10% chance of a 100 times payoff, you should take that bet every time. ― Jeff Bezos

25. Formal education will make you a living self education will make you a fortune. ― Jim Rohn