Charlie Munger

Charie Munger (1924-) is an American businessman, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man.

Charlie Munger Quotes

“Acknowledging what you don’t know is the dawning of wisdom.”

— Charlie Munger

“If you make yourself a very reliable person and stay reliable all your life, faithfully doing whatever you engage to do, it will be very hard for you to fail at anything you want.”

— Charlie Munger

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

— Charlie Munger

“It’s not supposed to be easy.”

— Charlie Munger

“You have to keep at it with a lot of curiosity for a long, long time.”

— Charlie Munger

“One thing we’ve learned is, if it’s clear that something is a mistake, fix it quickly.

It doesn’t get better while you wait.”

— Charlie Munger

“All intelligent investing is value investing—acquiring more than you are paying for.”

— Charlie Munger

“Extreme patience combined with extreme decisiveness. You may call that our investment process. Yes, it’s that simple.”

— Charlie Munger

“Your life must focus on the maximization of objectivity.”

— Charlie Munger

“The world is not driven by greed. It’s driven by envy. I have conquered envy in my own life. I don’t envy anybody. I don’t give a damn what someone else has. But other people are driven crazy by it.”

— Charlie Munger

“Hard work, honesty, if you keep at it, will get you almost anything.”

— Charlie Munger

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

— Charlie Munger

“Someone will always be getting richer faster than you. This is not a tragedy.”

— Charlie Munger

“You can’t avoid wrong decisions. But if you recognize them promptly and do something about them, you can frequently turn the lemon into lemonade.”

— Charlie Munger

“Be a business analyst, not a market, macroeconomics, or security analyst.”

— Charlie Munger

“Think forwards and backwards—invert, always invert. Many hard problems are best solved when they are addressed backward.”

– Charlie Munger

“I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.”

— Charlie Munger

“Try more to profit from always remembering the obvious than from grasping the esoteric. 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.”

— Charlie Munger

“If you want to succeed in investments, start early and try hard and keep doing it. All success comes that way, by and large.”

— Charlie Munger