65+ Best Charlie Munger Quotes: Exclusive Selection

Charles Thomas Munger is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Profoundly inspirational Charlie Munger quotes will make you look at life differently and help you live a meaningful life.

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Famous Charlie Munger Quotes

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

In my whole life, I have known no wise people over a broad subject matter area who didn’t read all the time none, zero. You’d be amazed at how much Warren reads and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out. Charles T. Munge

To get what you want, you have to deserve what you want. That world is not yet a crazy enough place to reward a whole bunch of people. Charlie Munger

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. Charles T. Munger

If you keep learning all the time you have a huge advantage. Charlie Munger

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. Charles T. Munger

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

We both Charlie Munger and Warren Buffett insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. Charles T. Munger

People calculate too much and think too little. Charlie Munger

There is no better teacher than history in determining the future There are answers worth billions of dollars in 30$ history book. Charles T. Munger

A majority of life’s errors are caused by forgetting what one is really trying to do. Charlie Munger 

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them. Charles T. Munger

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

We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side. Charles T. Munger

Knowing what you don’t know is more useful than being brilliant. Charlie Munger

It takes character to sit with all that cash and to do nothing. I didn’t get top where I am by going after mediocre opportunities. Charles T. Munger

The habit of committing far more time to learning and thinking than to doing is no accident. Charlie Munger

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. Charles T. Munger

One of the greatest ways to avoid trouble is to keep it simple the system often goes out of control. Charlie Munger

Develop into a lifelong self learner through voracious reading; cultivate curiosity and strive to become a little wiser every day. Charles T. Munger

If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands. Charlie Munger

People calculate too much and think too little. Charles T. Munger

Just the discipline of having to put your thoughts in order with somebody else is very useful thing. Charlie Munger 

Go to bed smarter than when you woke up. Charlie Munger

Opportunity comes to the prepared mind. Charlie Munger

I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart. Charles T. Munger

I met the towering intellectuals in books, not in classroom, which is natural. My family was into all that stuff, getting ahead through discipline, knowledge, and self control. Charlie Munger

Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat. Charles T. Munger

I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could. Charlie Munger

 The iron rule of nature is you get what you reward for. If you want ants to come, you put sugar on the floor. Charlie Munger

To this day, I have never taken a course anywhere, in chemistry, economics, psychology, or business. Charlie Munger

The best armour of old age is a well spent life perfecting it. Charles T. Munger

I try to get rid of people who confidently answer questions about which they don’t have any real knowledge. Charlie Munger

If something is too hard, we move on to something else. What could be simpler than that? Charles T. Munger

I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Charlie Munger

All I want to know is where I’m going to die so I’ll never go there. Charles T. Munger

Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind when you’re young it’s easy to drift into royalties and when you announce that you’re a loyal member and you’re gradually ruining your mind. Charlie Munger

The great algorithm to remember in dealing with this tendency is simple an idea or a fact is not worth more merely because it’s easily available to you. Charles T. Munger

Simplicity has a way of improving performance by enabling us to better understand what we are doing. Charlie Munger

The best armour of old age is a well spent life preceding it. Charles T. Munger

You should avoid sloth and unreliability. Charlie Munger

I think that, every time you see the word ebıtda, you should substitute the words bullshit earnings. Charles T. Munger

People should take away less than they’re worth when they are favored by life I would argue that when you rise high enough in American Business you’ve got a moral duty to be underpaid.Charlie Munger

It’s the work on your desk. Do well with what you already have and more will come in. Charles T. Munger

Those of us who have been fortunate have a duty to give back. Whether one gives a lot as one goes along as I do, or a little and then a lot when one dies as Warren does, is a matter of personal preference. Charlie Munger

Crowd folly, the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior. Charles T. Munger

No man is fit to hold office who isn’t perfectly willing to leave it at any time. Charlie Munger

We both insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. So Warren and I do more reading and thinking and less doing than most people in business. Charles T. Munger

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

An example of a really responsible system is the system the Romans used when they built an arch. The guy who created the arch stood under it as the scaffolding was removed. It’s like packing your own parachute. Charles T. Munger

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

It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low cost index funds or Exchange traded funds. Charles T. Munger

We have a passion for keeping things simple. Charlie Munger

Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not celebrate stupidities in both categories? Charles T. Munger

We have three baskets for investing yes, no, and too tough to understand. Charlie Munger

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. Charles T. Munger

It’s waiting that helps you as an investor and a lot of people just can’t stand to wait. If you didn’t get the deferred gratification gene, you’ve got to work very hard to overcome that. Charlie Munger 

The reason we avoid the word synergy is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises. Berkshire is full of synergies we don’t avoid synergies, just claims of synergies. Charles T. Munger

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

It’s not supposed to be easy. Anyone who finds it easy is stupid. Charles T. Munger

An intelligent investing is value investing, acquiring more than you are paying for. Charlie Munger

It’s not the bad ideas that do you in, it’s the good ideas. And you may say, That can’t be so. That’s paradoxical. What he Graham meant was that if a thing is a bad idea, it’s hard to overdo. But where there is a good idea with a core of essential and important truth, you can’t ignore it. And then it’s so easy to overdo it. So the good ideas are a wonderful way to suffer terribly if you overdo them. Charles T. Munger

The big money is not in buying or selling, but in the waiting. Charlie Munger

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