Harness Money

Charlie Munger is now a billionaire because of his partnership with Warren Buffett and his prowess for investing.

Here are 10 memorable Charlie Munger quotes:

1. “I have a partner who’s better than I am at a lot of things.” – Highlighting the importance of finding and partnering with talented individuals.
2. “The big money is not in the buying or the selling, but in the waiting.” – Emphasizing the value of patience and long-term investing.
3. “In my whole life, I have known no wise people who didn’t read all the time.” – Stressing the importance of continuous learning and reading.
4. “Spend each day trying to be a little wiser than you were when you woke up.” – Encouraging personal growth and intellectual development.
5. “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.” – Focusing on avoiding mistakes and errors rather than trying to be overly intelligent.
6. “The best thing a human being can do is to help another human being know more.” – Advocating for the power of education and knowledge sharing.
7. “If you get the incentives right, you don’t have to worry about a lot of other things.” – Recognizing the importance of aligning incentives to drive desired behavior.
8. “I don’t mind not getting credit for things I do. I often don’t. But I want to control my own actions.” – Prioritizing personal autonomy and decision-making.
9. “All I want to know is where I’m going to die, so I’ll never go there.” – Encouraging the avoidance of risky or dangerous situations.
10. “Mental models are really the working tools of our life.” – Emphasizing the usefulness of mental models in decision-making and problem-solving.

These quotes reflect Charlie Munger’s wisdom, emphasis on continuous learning, long-term thinking, and pragmatic approach to investing and life.