Charlie Munger's Top 10 Quotes on Life and Investing
Investing is where you find a few great companies and then sit on your ass.
The big money is not in buying or selling, but in the waiting.
Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari's - I wanted the independence. I desperately wanted it.
We have a passion for keeping things simple.
Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You're almost announcing you're a flake.
If investing wasn't hard, everyone would be rich.
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
The desire to get rich fast is pretty dangerous.
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