Charlie Munger: Quotes about the trip

Charlie Munger is American business magnate, lawyer, investor, and philanthropist. Explore interesting quotes on way.

Charlie Munger: 18 quotes 0 likes

“You have to learn all the big ideas in the key disciplines in a way that they're in a mental latticework in your head and you automatically use them for the rest of your life. If you do that, I solemnly promise you that one day you'll be walking down the street and you'll look to your right and left and you’ll think "my heavenly days, I'm now one of the few competent people in my whole age cohort."”

Charlie Munger

If you don't do it, many of the brightest of you will live in the middle ranks or in the shallows.
USC Law School Commencement Speech http://genius.com/Charlie-munger-usc-law-commencement-speech-annotated (2007-05-13)

Life , People , Age , Way

“Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us.”

Charlie Munger

Poor Charlie's Almanack, p. 100

World , Way , Idea , Thinking

“What I would say is the single most important thing, if you want to avoid all the stupid errors, is knowing where you're competent and where you aren't. And that's very hard to do because the human mind naturally tries to make you think you're way smarter than you are.”

Charlie Munger

[A Conversation with Distinguished Alumnus Charles T. Munger (CERT '44, CAVU), December 17, 2020, Caltech, YouTube, https://www.youtube.com/watch?v=WaDU1J91hY8] (quote at 18:20 of 58:41)

Error , Thinking , Stupidity , Way