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Quote by 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.”

Quote by Charlie Munger

Author

Charlie Munger, born on January 1, 1924, is a distinguished business person known for his investment philosophy and partnership with Warren Buffett at Berkshire Hathaway. He has been a significant influence in the field of finance and investing, contributing to the success of the company over the years. more

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“Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices.”

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“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.”

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“There must be some wisdom in the folk saying: Its the strong swimmers who drown.”

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“Remember that reputation and integrity are your most valuable assets - and can be lost in a heartbeat.”

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“Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities.”

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“I don't spend much time regretting the past, once I've taken my lesson from it. I don't dwell on it.”

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“It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.”

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“Determine value apart from price; progress apart from activity; wealth apart from size.”

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“Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best.”

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“A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.”

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