“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.” - Charlie Munger
“Warren (Buffett) and I have skills that could easily be taught to other people… But Warren and I are better at tuning out the standard stupidities.” - Charles Munger
–> Sounds like a skill most people would kill for!
Source: EquityMaster.com
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Of all the animals, man is the only one that lies. |
Source: http://quotes4all.net/quote_583.html
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"It’s in the nature of stock markets to go way down from time to time. There’s no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings without expecting miracles is the way to go." - Charlie Munger
Source: EquityMaster.com
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Life can be wildly tragic at times, and I’ve had my share. But whatever happens to you, you have to keep a slightly comic attitude. In the final analysis, you have got not to forget to laugh. |
Source: http://quotes4all.net/quote_1631.html
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"Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts… Slug it out one inch at a time, day by day, at the end of the day – if you live long enough – most people get what they deserve." - Charlie Munger
No man is a hero to his valet. -Madame Cornuel, wit, society hostess (1605-1694)
____ Or to his wife!
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"The whole concept of dividing it up into ‘value’ and ‘growth’ strikes me as twaddle. It’s convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing." - Charlie Munger
From http://www.equitymaster.com/5MinWrapUp/detail.asp?date=02/01/2010&story=4
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Cyprus International Institute of Management (CIIM)