Charlie Munger Quotes

However, both Warren and I are very good at changing our prior conclusions. We work at developing that facility because without it, disaster often comes.

A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind that loves diagnosis involving multiple variables.

And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.

You climb as hard as you can by just advancing one inch at a time. That's the secret of life.