“Everybody who is adult should save and not be stupidly spending money and defer gratification to get more later.”
Charlie Munger
Daily Journal Corporation Annual Meeting (Primary source)
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“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“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 source“I think a life properly lived is just learn, learn, learn all the time.”
— Charlie Munger Primary source“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 sourceMore quotes by Charlie Munger →
“Never spend your money before you have it.”
— Thomas Jefferson Primary source“Money is a tool to be put to work.”
— A.P. Møller Disputed“You never know what is enough unless you know what is more than enough.”
— William Blake Primary source“War is a matter not so much of arms as of money.”
— Thucydides Primary source