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First (prescription for misery), be unreliable. Do not faithfully do what you have engaged to do. If you will only master this one habit, you will mo… - Charlie Munger
" "First (prescription for misery), be unreliable. Do not faithfully do what you have engaged to do. If you will only master this one habit, you will more that counterbalance the combined effect of all your virtues, howsoever great. If you like being distrusted and excluded from the best human contribution and company, this prescription is for you. Master this one habit, and you will always play the role of the hare in the fable, except that instead of being outrun by the one fine turtle, you will be outrun by hordes and hordes of mediocre turtles and even some mediocre turtles on crutches.
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About Charlie Munger
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.
Biography information from Wikiquote
Also Known As
Native Name:
Charles Thomas Munger
Alternative Names:
Charlie Thomas Munger
•
Charles T. Munger
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Additional quotes by Charlie Munger
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.
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