Home / Quotes / Quote by Charlie Munger

Quote by Charlie Munger

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

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

You May Also Like

“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.”

Long Shows Term Chance Company Long Term Owners Surviving Slim

Author:Charlie Munger

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

Want Knowing What You Want Etc Success In Life Early Death Knowing What You Want Bad Marriage

Author:Charlie Munger

“What good is envy? It’s the one sin you can’t have any fun at.”

Author:Charlie Munger

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

Thinking Should Incentives

Author:Charlie Munger

“It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple.”

Knows World Humans Looks Hard Bigs Opportunity Given Human Beings Simple Wise Talent Hard Work Offers Odds

Author:Charlie Munger

“Intense interest in any subject is indispensable if you're really going to excel in it.”

Ifs Interest Subjects Intense Indispensable

Author:Charlie Munger

“Intelligent people make decisions based on opportunity costs.”

People Opportunity Decision Cost Intelligent Opportunity Cost

Author: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.”

Ifs Thinking Hard Values Company Approach Good Things Selling Ass Calculations Great Company Intrinsic Value Undervalued

Author:Charlie Munger

“Everybody engaged in complex work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing.””

Needs Order Discipline Complexes Engaged Colleagues Useful Things

Author:Charlie Munger

“I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.”

People Thinking Wells Can Do Animal Economy Free Market Niche Ecosystems Market Economy

Author:Charlie Munger