We have 45+ Quotes of Charlie Munger on Value Investing.
Charlie Thomes Munger is an Value investor, philanthropist, former real estate attorney and designer. He is the vice-chairperson of Berkshire Hathaway which is controlled by Warren Buffet. According to Forbes, he has net worth of 2.2 billion USD.
45+ Quotes of Charlie Munger on Value Investing
Following are the 45+ Quotes of Charlie Munger on Value Investing.
1. The best thing a human being can do is to help another human being know more.
2. To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.
Read More: Investing Warren Buffett Quotes: CLICK HERE
3. Always take the high road, it’s for less crowded.
4. We have the passion for keeping things simple.
5. Success means being very patient, but aggressive when it’s time.
6. People calculate too much and think too little.
7. Spend each day trying to be a little wiser than you were when woke up.
8. If something is too hard, we movie to something else. What could be simpler than that.
9.The big money is not in the buying and the selling but in waiting.
10. Those who keep learning, will keep rising in life.
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11. Go to bed smarter than when you woke up.
12. A lot of people with high IQs are terrible investors because they’ve got terrible temperaments.
13. You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.
14. In my whole life, I have known no wise people who didn’t read all the time-none, zero.
15. Take a simple idea and take it seriously.
16. We have a habit of distorting the facts until they become bearable for own views.
17. Whoever makes you smarter a little earlier in life makes you better.
18. Someone will always be getting faster than you. this is not a tragedy.
19. A great business at a fair price is superior to a fair business at a great price.
20. Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.
21. There is more honor in investment management than in investment banking.
22. to expect total rationality either in humans or institutions is expecting what’s not going to happen.
23. The whole trick is to get so your own brain doesn’t mislead you.
24. A director who gets 150,000 per year from a company and needs the money is not independent.
25. It’s simplicity itself that its future will be way worse than it’s past.
26. There must be some wisdom in the folk saying. It’s the strong swimmers who drown.
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27. Take a simple idea and take it seriously.
28. If you can get good at destroying your own wrong ideas, that is a great gift.
29. Your life must focus on the maximization of Objectivity.
30.If it happens every year like clockwork, what’s so extraordinary about it?
31. I’ve got some advice for the young, If you’ve got anything you really want to do, don’t wait until you’re 93.
32. I constantly see people rise in life who are not the smartest , sometimes not even the most diligent, but they are learning machines.
33. All intelligent investing is value investing- acquiring more that you are paying for. You must value the business in order to value the stock.
34. The safest way to get what you want is to deserve what you want.
35. Live within your income and save so that you can invest. Learn what you need to learn.
36. I would argue that passion is more important than power.
Hence, these are the 45+ Quotes of Charlie Munger on Value Investing.
Following are the 10 Rules of Success given by the Charlie Munger
a. Always keep learning.
b. Deserve what you what you want.
c. Know the edge of your competency.
d. Be a survivor.
e. Practice the rising Approach.
f. Understand what you are doing.
g. Invest in Trust.
h. Know all the Big ideas.
i. Swim as competently as you can.
j. Don’t submerge into self-Pity.
Other Important Links
Read More: Benjamin Graham Quotes on value investing: CLICK HERE
