“Being able to recognize that you are wrong is a godsend.”
Charlie Munger
Daily Journal Corporation Annual Meeting (Primary source)
Annual Meeting in Daily Journal Corporation.
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“So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don’t, you’re going to lose. And that’s as close to certain as any prediction you can make. You have to figure out where you’ve got an edge. And you’ve got to play within your own circle of competence.”
— Charlie Munger Primary source“If anything, I now believe even more strongly that reliability is essential for progress in life and while quantum mechanics is unlearnable for a vast majority, reliability can be learned to great advantage by almost anyone.”
— Charlie Munger Primary source“I think a life properly lived is just learn, learn, learn all the time.”
— Charlie Munger Primary source“In my whole life, I have known no wise people (over a broad subject matter) who didn’t read all the time—none, zero. You’d be amazed 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 Primary sourceMore quotes by Charlie Munger →
“Having been poor is no shame, but being ashamed of it, is.”
— Benjamin Franklin Primary source“You may delay, but time will not.”
— Benjamin Franklin Primary source“You may be too cunning for one, but not for all.”
— Benjamin Franklin Primary source“Approve not of him that commends all you say.”
— Benjamin Franklin Primary sourceObjectivity Mistakes Self-Awareness