“We actually need some tough incentives in civilization to make it work.”
Charlie Munger
Daily Journal Corporation Annual Meeting (Primary source)
Annual Meeting in Daily Journal Corporation.
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“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 source“Invert, always invert”
— 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 →
“Grief too will make us idealists.”
— Ralph Waldo Emerson Primary source“He that is rich need not live sparingly, and he that can live sparingly, need not be rich.”
— Benjamin Franklin Primary source“Who can afford to do professional work for nothing?”
— Bill Gates Primary source“Money is a tool to be put to work.”
— A.P. Møller Disputed