Charlie Munger is an American who was born on 1 January 1924 and his net worth is expected to be at US$ 2 billion as of 19 February 2021.His insights into business and life are unique, rare, and correct with unusual consistency. It’s no wonder he has gained so much recognition and fame.As a child, Munger worked at Buffett’s grandfather’s grocery store in Omaha, earning $2 for ten hours of labor. The Omaha native left the University of Michigan to become an Army meteorologist during World War II. He earned a degree from Harvard Law School and met Buffett at a dinner party in 1959. Warren Buffett was a leader of Berkshire Hathaway and eventually, he became Buffett’s, right-hand man. Charlie Munger became Vice-Chairman of Berkshire Hathaway. Munger is also chairman of the publisher of the newspaper Daily Journal Corp and sits on the board of retailer Costco. If you like this article, please visit Howard Schultz quotes and Mark Cuban quotes.Inspirational Charlie Munger QuotesHere are some inspiring Charlie Munger quotes.1.“It takes character to sit with all that cash and to do nothing. I didn’t get to the top where I am by going after mediocre opportunities."-Charlie Munger2.“To get what you want, you have to deserve what you want. That world is not yet a crazy enough place to reward a whole bunch of people."-Charlie Munger3.“Being something and doing something that no one had done before are two different things."-Charlie Munger4.“Those who keep learning will keep rising in life."-Charlie Munger5.“If you keep learning all the time you have a huge advantage."-Charlie Munger6.“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time."-Charlie Munger7.“People calculate too much and think too little."-Charlie Munger8.“A majority of life’s errors are caused by forgetting what one is really trying to do."-Charlie Munger 9.“The best thing a human can do is to help another human being know more."-Charlie Munger10.“Knowing what you don’t know is more useful than being brilliant."-Charlie Munger11.“The habit of committing far more time to learning and thinking than to doing is no accident."-Charlie Munger12.“Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari’s -I wanted the independence. I desperately wanted it."-Charlie Munger13.“One of the greatest ways to avoid trouble is to keep it simple…the system often goes out of control."-Charlie Munger14.“If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands."-Charlie Munger15.“Just the discipline of having to put your thoughts in order with somebody else is very useful thing."-Charlie Munger 16.“Opportunity comes to the prepared mind."-Charlie Munger17.“I met the towering intellectuals in books, not in classroom, which is natural. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control."-Charlie Munger18.“I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could."-Charlie Munger 19.“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent."-Charlie Munger20.“To this day, I have never taken a course anywhere, in chemistry, economics, psychology, or business."-Charlie Munger21.“I try to get rid of people who confidently answer questions about which they don’t have any real knowledge."-Charlie Munger22.“I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself."-Charlie Munger23.“Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind…when you’re young it’s easy to drift into royalties and when you announce that you’re a loyal member…and you’re gradually ruining your mind."-Charlie Munger24.“Simplicity has a way of improving performance by enabling us to better understand what we are doing."-Charlie Munger25.“You should avoid sloth and unreliability."-Charlie Munger26.“Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts. Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse."-Charlie Munger27.“People should take away less than they’re worth when they are favored by life…I would argue that when you rise high enough in American Business you’ve got a moral duty to be underpaid”-Charlie Munger28.“Those of us who have been fortunate have a duty to give back. Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference."-Charlie Munger29.“No man is fit to hold office who isn’t perfectly willing to leave it at any time…"-Charlie Munger30.“Acknowledging what you don’t know is the dawning of wisdom."-Charlie Munger 31.“We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them."-Charlie Munger32.“We have a passion for keeping things simple."-Charlie MungerBest Charlie Munger Quotes On InvestmentTake a look at these Charlie Munger quotes on investment.33.“We have three baskets for investing: yes, no, and too tough to understand."-Charlie Munger34.“Live within your income and save so you can invest. Learn what you need to learn."-Charlie Munger 35.“It’s waiting that helps you as an investor and a lot of people just can’t stand to wait. If you didn’t get the deferred -gratification gene, you’ve got to work very hard to overcome that."-Charlie Munger 36.“A great business at a fair price is superior to a fair business at a great price."-Charlie Munger 37.“An intelligent investing is value investing, acquiring more than you are paying for."-Charlie Munger38.“The big money is not in buying or selling, but in the waiting."-Charlie Munger39.“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments."-Charlie Munger40.“When you borrow a man’s car, always return it with a tank of gas."-Charlie Munger41.”… the most famous composer in the world but was utterly miserable most of the time, and of the reasons was because he always overspent his income. This was Mozart. If Mozart couldn’t get by with this kind of asinine conduct, I don’t think you should try."-Charlie Munger42.“We’re not interested in taking a substantial chance of taking a lot of very decent people back to ‘Go’ so we can have one more zero on our net worth."-Charlie Munger43.“The liabilities are always 100 percent good. It’s the assets you have to worry about."-Charlie Munger44.“Take a simple idea, and take it seriously."-Charlie Munger45.“Mimicking the herd invites regression to the mean."-Charlie Munger46.“Wall Street has too much wealth and political power."-Charlie Munger47.“It’s like the slaughter of the innocents. It makes the people who run Las Vegas seem like good people."-Charlie Munger48.“I’ve seen so much folly and stupidity on the part of our major philanthropic groups, including the world bank. I really have more confidence in building up the more capitalistic ventures like Costco."-Charlie Munger49.“We both (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."-Charlie Munger50.“Our game is to recognize a big idea when it comes along when one doesn’t come along very often."-Charlie Munger 51.“Ninety-nine percent of the troubles that threaten our civilization come from too optimistic, therefore we should have a system where the accounting is a way more conservative."-Charlie Munger52.“A lot of people think if you just had more process and more compliance- checks and double-checks and so forth-you could create a better world. We just try to operate in a seamless web of deserved trust and be careful of whom we trust."-Charlie Munger53.“Everywhere there is a large commission, there is a high probability of a rip-off."-Charlie MungerCharlie Munger Quotes On LifeHere are some of the best Charlie Munger quotes inspired by his life and experiences. These include Charlie Munger quotes on reading and its importance for life and great business.54.“Part of what you must learn is how to handle mistakes and new facts that change the odds. Life, in part, is like a poker game wherein you have to learn to quit sometimes when holding a much-loved hand."-Charlie Munger 55.“In my whole life, I have known no wise people…who didn’t read all the time –none, zero. You’d be amazed at how much Warren reads –at how much I read…They think I’m a book with a couple of legs sticking out."-Charlie Munger 56.“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day."-Charlie Munger 57.“Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won."-Charlie Munger58.“Just because you like it does not mean that the world will necessarily give it to you."-Charlie Munger59.“I would argue that passion is more important than brainpower."-Charlie Munger60.“Is there such a thing as a cheerful pessimist? That’s what I am."-Charlie Munger 61.“The iron rule of nature is: You get what you reward for. If you want ants to come, you put sugar on the floor."-Charlie Munger62.“Another thing, of course, is that life will have terrible blows in it, horrible blows, unfair blows. It doesn’t matter. And some people recover and others don’t…"-Charlie Munger63.“Confucious said that real knowledge is knowing the extent of one’s ignorance. Aristotle and Socrates said the same thing. Is it a skill that can be taught or learned? It probably can, if you have enough of a stake riding on the outcome…"-Charlie Munger64.“Wisdom acquisition is a moral duty. It’s not something you do just to advance in life…You are not going to get very far in life based on what you already know. You’re going to advance in life by what you learn after you leave here."-Charlie Munger65.“Some people are extraordinarily good at knowing the limits of their knowledge because they have to be."-Charlie Munger66.“Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts…At the end of the day if you live long enough most people get what they deserve."-Charlie Munger 67.“One solution fits all is not the way to go. All these cultures are different. The right culture for the Mayo Clinic is different from the right culture at a Hollywood movie studio. You can’t run all these places with a cookie-cutter solution."-Charlie Munger 68.“There’s a tendency to think that our present politicians are much worse than we had in the past. But we tend to forget how awful our politicians were in the past."-Charlie Munger 69.“The highest form that civilization can reach is a seamless web of deserved trust-not much procedure, just totally reliable people correctly trusting one another…"-Charlie Munger70.“You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas."-Charlie Munger71.“Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat."-Charlie Munger72.“Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time."-Charlie Munger 73.“Always take the high road, it’s far less crowded."-Charlie Munger74.“You don’t have to have the ability that quantum mechanics requires. You just have to know a few simple things and really know them."-Charlie Munger75.“Don’t drift into self-pity because it doesn’t solve any problems."-Charlie Munger 76.“It’s not supposed to be easy. Anyone who finds it easy is stupid."-Charlie Munger77.“You need patience, discipline, and agility to take losses and adversity without going crazy."-Charlie Munger78.“There is not more money to be made from law, but less time to enjoy it."-Charlie Munger79.“No wise pilot, no matter how great his talent and experience, fails to use a checklist."-Charlie Munger 80.“There is no better teacher than history in determining the future…there are answers worth billions of dollars in 30$ history book."-Charlie Munger81.“If something is too hard, we move on to something else. What could be more simpler than that?"-Charlie Munger82.“I think that one should recognize the reality even when one doesn’t like it; indeed, especially when one doesn’t like it."-Charlie Munger 83.“The best armor of old age is a well-spent life perfecting it."-Charlie Munger 84.“There is no way you can live an adequate life without making mistakes."-Charlie Munger 85.“Invert, always invert: Turn a situation or problem upside down. Look at it backward."-Charlie Munger Here at Kidadl, we have carefully created lots of interesting family-friendly quotes for everyone to enjoy! If you liked our suggestions for best Charlie Munger quotes then why not take a look at John D. Rockefeller quotes, or Herb Kelleher quotes.
Charlie Munger is an American who was born on 1 January 1924 and his net worth is expected to be at US$ 2 billion as of 19 February 2021.
