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“ Live within your income and save so that you can invest. Learn what you need to learn.” – Charlie Munger
“ You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.” – Charlie Munger
“ Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day if you live long enough-like most people, you will get out of life what you deserve.” – Charlie Munger
“ Those who keep learning will keep rising in life.” – Charlie Munger
“ I didn’t get to where I am by going after mediocre opportunities.” – Charlie Munger
“ A great business at a fair price is superior to a fair business at a great price.” – Charlie Munger
“ Mimicking the herd invites regression to the man.” – Charlie Munger
“ I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart. ” – Charlie Munger
“ Knowing what you don’t know is more useful than being brilliant.” – Charlie Munger
“ It’s 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're lazy and unreliable, it doesn't matter what you're good at. ” – Charlie Munger
“ Don't overspend. Even Mozart couldn't get away with doing that. ” – Charlie Munger
“ Avoid extremely intense ideology because it ruins your mind. ” – Charlie Munger
“ One solution fits all doesn't work. ” – Charlie Munger
“ Great investing requires a lot of delayed gratification. ” – Charlie Munger
“ Don't drift into self-pity because it doesn't solve any problems. ” – Charlie Munger
“ You’ve got to have models in your head. And you’ve got to array your experience – both vicarious and direct – on this latticework of models. You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and fail in life. You’ve got to hang experience on a latticework of models in your head. ” – Charlie Munger
“ You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas.” – Charlie Munger
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