Charlie Munger

If mutual fund directors are independent, then I’m the lead character in the Bolshoi Ballet.

Charlie Munger

If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.

Charlie Munger

If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That’s hard. But if you buy a few great companies, then you can sit on your ass. That’s a good thing.

Charlie Munger

If you can get good at destroying your own wrong ideas, that is a great gift.

Charlie Munger

If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest.

Charlie Munger

If you rise in life, you have to behave in a certain way. You can go to a strip club if you’re a beer-swilling sand shoveler, but if you’re the Bishop of Boston, you shouldn’t go.

Charlie 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

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

Charlie Munger

It’s been my experience in life if you just keep thinking and reading, you don’t have to work.

Charlie Munger

It’s not a competency if you don’t know the edge of it.

Charlie Munger