“You’re much more likely to do well if you start out to do something feasible instead of something that isn’t feasible. Isn’t that perfectly obvious?”
Charlie Munger (verified)
Poor Charlie’s Almanack (Primary source)
In the tradition of Benjamin Franklin’s own almanack, Poor Charlie’s Almanack stands as a remarkable distillation of one man’s lifelong pursuit of what he termed elementary worldly wisdom. Compiled with evident devotion by Peter Kaufman and first published in 2005, this volume represents the most comprehensive gathering of Charles Munger’s speeches, insights, and philosophical observations spanning two decades of public discourse.
More about “Poor Charlie’s Almanack” →
“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 (verified)“I think a life properly lived is just learn, learn, learn all the time.”
— Charlie Munger (verified)“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 (verified)“Addiction can happen to any of us through a subtle process where the bonds of degradation are too light to be felt until when they are too strong to be broken.”
— Charlie Munger (verified)More quotes by Charlie Munger →
“If you’re going through hell, keep going.”
— Winston Churchill (unverified)“Love, cough, and a smoke, can’t well be hid.”
— Benjamin Franklin (verified)“But life isn’t hard to manage when you’ve nothing to lose.”
— Ernest Hemingway (verified)“I think track records are very important, If you start early trying to have a perfect one in some simple thing like honesty, you’re well on your way to success in this world.”
— Charlie Munger (verified)