“Our game is recognize a big idea when it comes along, when one doesn’t come along very often. Opportunity comes to the prepared mind.”
Charlie Munger
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.
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“I think a life properly lived is just learn, learn, learn all the time.”
— 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“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 sourceMore quotes by Charlie Munger →
“No one comes back from the dead; no one has come into the world without weeping. No one asks when one wants to come in; no one asks when one wants to go out.”
— Søren Kierkegaard Primary source“Strategic change doesn’t just start at the top. It starts with your calendar.”
— Andrew S. Grove Primary source“In the field of observations, chance favors only the prepared mind.”
— Louis Pasteur Primary source“This time, like all times, is a very good one, if we but know what to do with it.”
— Ralph Waldo Emerson Primary source