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HomeQuotes16 Charlie Munger Quotes That'll Change Your Life

16 Charlie Munger Quotes That’ll Change Your Life

Charlie Munger Quotes
Charlie Munger Quotes 4

Incase you've never heard of him before Charlie Munger is Warren Buffett's right hand man at Berkshire Hathaway.
With a net worth of over 1 billion dollars, experience in the US Army and a qualification from Harvard Law it's safe to say when Munger talks we should listen.

The following 16 quotes contain some of the best advice I've heard. Charlie Munger is without a doubt one of the sharpest and most unfiltered investors to ever live.

'I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.' - Charlie Munger

'Another thing, of course, is that life will have terrible blows in it, horrible blows, unfair blows. It doesn't matter. And some people recover and others don't. And there I think the attitude of Epictetus is the best. He thought that every missed chance in life was an opportunity to behave well, every missed chance in life was an opportunity to learn something, and that your duty was not to be submerged in self-pity, but to utilise the terrible blow in constructive fashion. That is a very good idea.' - Charlie Munger

See also
14 Wise Warren Buffett Quotes On Success, Money & Motivation

'Another thing that does one in, of course, is the self-serving bias to which we're all subject. You think the 'True Little Me' is entitled to do what it wants to do. And, for instance, why shouldn't the True Little Me overspend my income. There once was a man who became the most famous composer in the world but was utterly miserable most of the time, and one of the reasons was because he always overspent his income. That was Mozart. If Mozart can't get by with this kind of asinine conduct, I don't think you should try.' - Charlie Munger

Charlie Munger Quotes 2

'One of the greatest ways to avoid trouble is to keep it simple. When you make it vastly complicated -- and only a few high priests in each department can pretend to understand it -- what you're going to find all too often is that those high priests don't really understand it at all…. The system often goes out of control.' - Charlie Munger

'Obviously if you want to get good at something which is competitive, you have to think about it and practice a lot. You have to keep learning because (the) world keeps changing and competitors keep learning. You have to go to bed wiser than you got up. As you try to master what you are trying to do -- people who do that almost never fail utterly. Very few have ever failed with that approach. You may rise slowly, but you are sure to rise.' - Charlie Munger

See also
Charlie Munger's Worldly Wisdom Summary

'I met the towering intellectuals in books, not in the classroom, which is natural. I can't remember when I first read Ben Franklin. I had Thomas Jefferson over my bed at seven or eight. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.' - Charlie Munger

'I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.' - Charlie Munger

'What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come.' - Charlie Munger

'Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse. Leave for the meeting early. Don’t be late., but if you are late, don’t bother giving people excuses. Just apologise. They’re due the apology, but they’re not interested in the excuse.' - Charlie Munger

'It is 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. There must be some wisdom in the folk saying, ‘It’s the strong swimmers who drown.’ - Charlie Munger

See also
The Mindset Shift For Success (And 1 Book You MUST Read)

Charlie Munger Quotes 3

'Almost all good businesses engage in ‘pain today, gain tomorrow’ activities.' - Charlie Munger

'In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.' - Charlie Munger

'To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of
undeserving people.' - 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

'There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.' - Charlie Munger

'I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.' - Charlie Munger

See also
18 Thoughtful Dalai Lama Quotes On Success, Happiness & Time

Want To Know More About Charlie Munger's Cognitive Biases & How To Dominate Life? 

Charlie's almanack

I recently purchased Charlie Munger’s flagship book, Poor Charlie’s Almanack – a book filled with hundreds of pages of wisdom from a billionaire and master of mindset and mental frameworks to improve your life..

This book cost me $65 USD. To most this will seem absurd…

“$65 for a book?! What a waste of money”

…these are the same people that spend hundreds of dollars on junk food and alcoholic beverages on Friday and Saturday night.

Delay The Instant Gratification

Don’t adopt the epicurean mentality of “eat, drink and be merry for tomorrow we die.”
You must think long term, you must delay the instant gratification we’re so used to experiencing in this life and invest for tomorrow (stoicism).

“Don’t invest in things that’ll rust, rot or depreciate, invest in things that’ll be worth more later or make you be worth more later”.

The information in this book is worth well over $65 if read and implemented, the information on investing and cognitive biases is worth its weight in gold.

But remember, It’s the application of knowledge that counts, not just the acquisition (read it and take action!)

Check it out and grab your copy of Poor Charlie’s Almanack here.

See also
10 Inspiring John D. Rockefeller Quotes On Business, Success & Life

What's Your Take On Charlie Munger's Wisdom? Let Me Know In The Comments Below!

Scott J.
Scott J.https://ignorelimits.com
I’m SJ. I’m a fitness enthusiast and published author. I transformed my body from a skinny fat 135lbs with 18% body fat to a solid 192lbs at 8% body fat. I became qualified in a field I was passionate about. I founded several online businesses that allow me to pursue ideas and projects in my life that I am passionate about without having to constantly worry about money. I published several eBooks explaining the training and dieting techniques I used to achieve the body I have today. I learnt a plethora of new information on dieting and fitness by reading and applying what I read, to find out what does work and what doesn’t work, because as I’m sure you’ve noticed the health and fitness industry is full of non-sense claims and BS. I found out what was true and what worked for me and applied that knowledge. And you bet I had fun during the whole process.

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