“There’s a simple rule: fish where the fish are.”
Charlie Munger
Daily Journal Corporation Annual Meeting (Primary source)
Annual Meeting in Daily Journal Corporation.
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“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“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“I think a life properly lived is just learn, learn, learn all the time.”
— Charlie Munger Primary source“Invert, always invert”
— Charlie Munger Primary sourceMore quotes by Charlie Munger →
“Take a simple idea and take it seriously.”
— Charlie Munger Primary source“There’s no one thing that’s true. It’s all true.”
— Ernest Hemingway Primary source“Everything should be as simple as possible, but not simpler.”
— Albert Einstein Disputed“Today is yesterday’s pupil.”
— Benjamin Franklin Primary source