Charlie Munger Insightful Quotations

We have a passion for keeping things simple.

We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good idea. And indeed, it's proven to be an obviously good idea. Yet 98% of the investing world doesn't follow it. That's been good for us.

We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current.

The harder you work, the more confidence you get. But you may be working hard on something that is false.

Your life must focus on the maximization of objectivity.

The game of life is the game of everlasting learning. At least it is if you want to win.