Charlie Munger

Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It’s called the graph.

Charlie Munger

Never, ever, think about something else when you should be thinking about the power of incentives.

Charlie Munger

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.

Charlie Munger

Our biggest mistakes, were things we didn’t do, companies we didn’t buy.

Charlie Munger

Recognize reality even when you don’t like it – especially when you don’t like it.

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

We don’t train executives, we find them. If a mountain stands up like Everest, you don’t have to be a genius to figure out that it’s a high mountain.

Charlie Munger

We tend to buy things – a lot of things – where we don’t know exactly what will happen, but the outcome will be decent.

Charlie Munger

Whoever makes you smarter a little earlier in life makes you better.

Charlie Munger

You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.

Charlie Munger