Charlie Munger Quotes – Wisdom from a Legendary Investor

The best way to get what you want is to deserve what you want.

Simplicity in thinking is the ultimate sophistication.

Invert, always invert. Find the opposite way of looking at things.

The ability to learn from your own mistakes and those of others is a great asset.

The pace of innovation will never be slower than it is today.

The biggest risk is not taking any risk.

It’s not greed that drives the world, but envy.

Investing is not about making the most money, but about avoiding the most damage.

Laziness is a luxury you cannot afford if you want to be successful.

Only a person of mediocre intelligence is impressed by a person of exceptional intelligence.

The world is full of fools and zombies, don’t join them.

Take advantage of the power of compounding in both life and investing.

It is better to buy a wonderful company at a fair price than a fair company at a wonderful price.

A great business at a fair price is superior to a fair business at a great price.

Good judgements come from experience. Experience comes from bad judgements.

The best way to acquire wisdom is by learning from the experience of others.

Be a lifelong learner and constantly expand your knowledge.

The best investment is in yourself.

Read, read, read. It will make you a better investor and human being.

Your success in life is heavily influenced by the people you choose to surround yourself with.

Charlie Munger Quotes – Wisdom from a Legendary Investor part 2

Stay away from people who are constantly complaining, as they drain your energy.

Focus on solving problems, not on complaining about them.

The best preparation for tomorrow is doing your best today.

Success is a result of preparation meeting opportunity.

Be disciplined, even when no one is watching.

Integrity is the most important asset you can have.

Focus on understanding the big picture, not just the details.

Avoid excessive speculation and invest in what you understand.

Seek out diverse perspectives to make better decisions.

Learn from your mistakes, but even better, learn from the mistakes of others.

Embrace criticism and use it to improve yourself.

Don’t be afraid to change your mind when presented with new information.

The best way to predict the future is to study the past.

Take responsibility for your actions and decisions.

Good character is the foundation of success.

Don’t chase short-term gains, focus on long-term value.

Patience is a virtue in investing.

Stay humble and never stop learning.

Be curious and explore new ideas and concepts.

Stay away from toxic people and environments.

Great opportunities often come disguised as problems.

Don’t be afraid to say ‘I don’t know.’

Create a culture of accountability in your life.

Surround yourself with people who share your values.

Keep your emotions in check when making decisions.