In memory of one of the most brilliant minds, Charlie Munger, who inspired and influenced so many people with his wisdom, including myself. Generous in sharing his learnings, Charlie Munger educated us about character, sense of humor, judgment, criteria, investing, and more. He passed away on November 28 at the age of 99.
Here are ten of the thousands of quotes we can share from this savvy man.
"The best thing a human being can do is to help another human being know more."
"In my whole life, I have known no wise people who didn't read all the time - none, zero."
"It's not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change."
"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 they were when they got up, and boy, does that help, particularly when you have a long run ahead of you."
"The game of life is the game of everlasting learning. At least it is if you want to win."
"You need a different checklist and different mental models for different companies. I can never make it easy by saying, 'Here are three things.' You have to derive it yourself to ingrain it in your head for the rest of your life."
"The big money is not in the buying and selling, but in the waiting."
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid instead of trying to be very intelligent."
"All I want to know is where I'm going to die, so I'll never go there."
“To get what you want, deserve what you want. Trust, success, and admiration are earned. It’s such a simple idea. It’s the golden rule, so to speak: You want to deliver to the world what you would buy if you were on the other end.”
Note: The quotes are paraphrased for brevity and clarity.