Charlie Munger Quotes

"The big money is not in the buying and selling, but in the waiting."

"Spend each day trying to be a little wiser than you were when you woke up."

"The best thing a human being can do is to help another human being know more."

"I think that to some extent, this is a game of being able to be more rational than other people."

"In my whole life, I have known no wise people who didn't read all the time — none, zero."

"You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing."

"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 very intelligent."

"The world is full of foolish gamblers, and they will notdo as well as the patient investors."

"Knowing what you don't know is more useful than being brilliant."

"People calculate too much and think too little."