15 Inspiring Quotes By Charlie Munger That Will Help You Become A Better Investor

Just about a month before he could have turned 100, Warren Buffett¡¯s 99-year-old friend and right-hand man Charlie Munger sadly passed away a couple of days ago, on November 28th.

The stock market genius, whose passing away has been a big loss to the business and investment world, was much more than just Warren Buffett¡¯s friend and business partner. Even after his death, the numerous life and investment lessons that he taught the world will continue to live on through his quotes.

15 Inspiring Quotes By Charlie Munger

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Also Read: What Warren Buffett Learnt From His First Job Delivering Newspapers

1."Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve."

2."I'm optimistic about life. If I can be optimistic when I'm nearly dead, surely the rest of you can handle a little inflation."

3."Those of you who are about to enter business school or who are there, I recommend you learn to do it our way."

4."If people weren't so often wrong, we wouldn't be so rich Warren!"

5."The best way to get what you want in life is to deserve what you want. How could it be otherwise? The world is not crazy enough to look for a lot of undeserving people to reward."

6."We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think."

7." ¡°The world is full of foolish gamblers and they will not do as well as the patient investors.¡±

8."Money management requires people to pretend they can do something that they can't, and like it when they really don't. I think that's a terrible way to spend your life, but it's very well paid."

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9."I don't like multi-tasking. I see these people doing three things at once and I think, God, what a terrible way that is to think."

10. ¡°It takes character to sit with all that cash and to do nothing. I didn¡¯t get to be where I am by going after mediocre opportunities.¡±

11.¡°To me, it¡¯s (crypto) just dementia. It¡¯s like somebody else is trading turds and you decide you can¡¯t be left out.¡±

12.¡°I haven¡¯t the faintest idea how Elon Musk will turn out, but he has a considerable chance of success and considerable chance of failure. He seems to like it that way.¡±

13. "Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well."

14. ¡°In my whole life, I have known no wise people (over a broad subject matter area) who didn¡¯t read all the time ¡ª none, zero. You¡¯d be amazed at how much Warren reads ¡ª and at how much I read. My children laugh at me. They think I¡¯m a book with a couple of legs sticking out.¡±

15. ¡°Mimicking the herd invites regression to the mean (merely average performance).¡±

Also Read: 15 Books Recommended By Billionaire Warren Buffett For Investors

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