What’s the best way to get a good spouse? The best single way is to ___ a good spouse because a good spouse is by definition not nuts.
What’s missing ___?
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No wise pilot, no matter how great his talent and experience, fails to use his ___.
What’s missing ___?
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Without numerical fluency, in the part of life most of us inhibit, you are like a one-legged man in an ___ contest.
What’s missing ___?
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A lot of opportunities in life tend to last a short while, due to some temporary ___. For each of us, really good investment opportunities aren’t going to come along too often and won’t last too long, so you’ve got to be ready to act and have a prepared mind.
What’s missing ___?
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You want to be very careful with intense ideology. It presents a big danger for the only ___ you’re ever going to get.
What’s missing ___?
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Those who will not face improvements because they are ___, will face ___ that are not improvements.
What’s missing ___?
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___ is where you find a few great companies and then sit on your ass.
What’s missing ___?
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I think track records are very important. If you start early trying to have a perfect one in some simple thing like ___, you’re well on your way to success in this world.
What’s missing ___?
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I’m ___, and you’re smart, and sooner or later you’ll see I’m ___.
What’s missing ___?
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There is nothing more counterproductive than ___. Someone in the world will always be better than you. Of all the sins, ___ is easily the worst, because you can’t even have any fun with it. It’s a total net loss.
What’s missing ___?
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Quotes
Which one of these four quotes is attributed to Charlie Munger?
→ People calculate too much and think too little.
→ The best armor of old age is a well-spent life preceding it.
→ Determine value apart from price; progress apart from activity; wealth apart from size.
→ 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 loyalties and when you announce that you’re a loyal member and you start shouting the orthodox ideology out, what you’re doing is pounding it in, pounding it in, and you’re gradually ruining your mind.
→ We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side. If you can’t state arguments against what you believe better than your detractors, you don’t know enough.
→ Waiting is painful. Forgetting is painful. But not knowing which to do is the worse kind of suffering.
→ Don’t cry over someone who wouldn’t cry over you.
→ Never cut a tree down in the wintertime. Never make a negative decision in the low time. Never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass. The spring will come.
Select the quotation attributed to Charlie Munger.
→ I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.
→ You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
→ There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
→ If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.
One of these may be attributed to Charlie Munger. Which one?
→ A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
→ Well, some of our success we predicted and some of it was fortuitous.
→ People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.
→ 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.
→ We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side. If you can’t state arguments against what you believe better than your detractors, you don’t know enough.
→ There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
→ If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
→ There are always people who will be better at something than you are. You have to learn to be a follower before you become a leader.
Can you identify the right quote belonging to Charlie Munger?
→ Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not celebrate stupidities in both categories?
→ The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
→ We have a history when things are really horrible of wading in when no one else will.
→ If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation.
Guess which of these quotes is attributed to Charlie Munger.
→ One of the great defenses if you’re worried about inflation is not to have a lot of silly needs in your life — if you don’t need a lot of material goods.
→ We try more to profit from always remembering the obvious than from grasping the esoteric.
→ The best armor of old age is a well-spent life preceding it.
→ Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them.
One of the following quotations belongs to Charlie Munger. Which one?
→ Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.
→ Thinking that what’s good for you is good for the wider civilization, and rationalizing foolish or evil conduct, based on your subconscious tendency to serve yourself, is a terrible way to think.
→ We look for a horse with one chance in two of winning and which pays you three to one.
→ 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 loyalties and when you announce that you’re a loyal member and you start shouting the orthodox ideology out, what you’re doing is pounding it in, pounding it in, and you’re gradually ruining your mind.
Can you guess which one of these belongs to Charlie Munger?
→ The ethos of not fooling yourself is one of the best you could possibly have. It’s powerful because it’s so rare.
→ Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.
→ 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 loyalties and when you announce that you’re a loyal member and you start shouting the orthodox ideology out, what you’re doing is pounding it in, pounding it in, and you’re gradually ruining your mind.
→ Being rational is a moral imperative. You should never be stupider than you need to be.
Try to identify the quote attributed to Charlie Munger.
→ Avoid working directly under somebody you don’t admire and don’t want to be like.
→ 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.
→ Incredible change happens in your life when you decide to take control of what you do have power over instead of craving control over what you don't.
→ Failure is not fatal, but failure to change might be.
Looks like Charlie Munger is the author of one of these.
→ I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.
→ If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.
→ 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.
→ I believe in the discipline of mastering the best that other people have figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.
Pick the one quotation belonging to Charlie Munger.
→ Things need not have happened to be true. Tales and adventures are the shadow truths that will endure when mere facts are dust and ashes and forgotten.
→ Stop comparing yourself to other people, just choose to be happy and live your own life.
→ Mimicking the herd invites regression to the mean.
→ The liabilities are always 100 percent good. It’s the assets you have to worry about.
→ Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them.
→ For every failure, there's an alternative course of action. You just have to find it. When you come to a roadblock, take a detour.
→ And above all, watch with glittering eyes the whole world around you because the greatest secrets are always hidden in the most unlikely places. Those who don't believe in magic will never find it.
→ When we love, we always strive to become better than we are. When we strive to become better than we are, everything around us becomes better too.
→ You must have the confidence to override people with more credentials than you whose cognition is impaired by incentive-caused bias or some similar psychological force that is obviously present. But there are also cases where you have to recognize that you have no wisdom to add — and that your best course is to trust some expert.
→ Never, ever, think about something else when you should be thinking about the power of incentives.
→ Follow your heart, listen to your inner voice, stop caring about what others think.
→ If people refuse to look at you in a new light and they can only see you for what you were, only see you for the mistakes you've made, if they don't realize that you are not your mistakes, then they have to go.
Select the quote, which is attributable to Charlie Munger.
→ All intelligent investing is value investing — acquiring more than you are paying for. You must value the business in order to value the stock.
→ The safest way to try to get what you want is to try to deserve what you want. It’s such a simple idea. It’s the golden rule. You want to deliver to the world what you would buy if you were on the other end.
→ In life you need either inspiration or desperation.
→ It's your unlimited power to care and to love that can make the biggest difference in the quality of your life.
Identify the quotation belonging to Charlie Munger?
→ People say they love truth, but in reality they want to believe that which they love is true.
→ A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
→ Dreams are always crushing when they don't come true. But it's the simple dreams that are often the most painful because they seem so personal, so reasonable, so attainable. You're always close enough to touch, but never quite close enough to hold and it's enough to break your heart.
→ It's better to look ahead and prepare than to look back and regret.
Which one of these four quotes is attributed to Charlie Munger?
→ The idea of caring that someone is making money faster than you is one of the deadly sins. Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?
→ For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.
→ Understanding how to be a good investor makes you a better business manager and vice versa.
→ Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand— you must learn to handle mistakes and new facts that change the odds.
→ We look for a horse with one chance in two of winning and which pays you three to one.
→ We’ve got great flexibility and a certain discipline in terms of not doing some foolish thing just to be active — discipline in avoiding just doing any damn thing just because you can’t stand inactivity.
→ It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.
→ Fixable but unfixed bad performance is bad character and tends to create more of itself, causing more damage to the excuse giver with each tolerated instance.
Select the quotation attributed to Charlie Munger.
→ No matter how calmly you try to referee, parenting will eventually produce bizarre behavior, and I'm not talking about the kids. Their behavior is always normal.
→ You must have the confidence to override people with more credentials than you whose cognition is impaired by incentive-caused bias or some similar psychological force that is obviously present. But there are also cases where you have to recognize that you have no wisdom to add — and that your best course is to trust some expert.
→ People become really quite remarkable when they start thinking that they can do things. When they believe in themselves, they have the first secret of success.
→ Freedom means the opportunity to be what we never thought we would be.
One of these may be attributed to Charlie Munger. Which one?
→ It’s a good habit to trumpet your failures and be quiet about your successes.
→ Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
→ Smart people aren’t exempt from professional disasters from overconfidence. Often, they just run aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods.
→ Fixable but unfixed bad performance is bad character and tends to create more of itself, causing more damage to the excuse giver with each tolerated instance.
Can you identify the right quote belonging to Charlie Munger?
→ I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
→ The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
→ Fixable but unfixed bad performance is bad character and tends to create more of itself, causing more damage to the excuse giver with each tolerated instance.
→ If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation.
One of the following quotations belongs to Charlie Munger. Which one?
→ Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
→ We’ve got great flexibility and a certain discipline in terms of not doing some foolish thing just to be active — discipline in avoiding just doing any damn thing just because you can’t stand inactivity.
→ Never, ever, think about something else when you should be thinking about the power of incentives.
→ Intelligent people make decisions based on opportunity costs.
Try to identify the quote attributed to Charlie Munger.
→ Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.
→ We accept the love we think we deserve.
→ Never cut a tree down in the wintertime. Never make a negative decision in the low time. Never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass. The spring will come.
→ Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.
Looks like Charlie Munger is the author of one of these.
→ We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?
→ A real decision is measured by the fact that you've taken a new action. If there's no action, you haven't truly decided.
→ I say there’re no depressed words just depressed minds.
→ Don't be pushed around by the fears in your mind. Be led by the dreams in your heart.
Pick the one quotation belonging to Charlie Munger.
→ Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company’s owners are slim at best.
→ Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities.
→ Understanding both the power of compound return and the difficulty of getting it is the heart and soul of understanding a lot of things.
→ Everybody engaged in complex work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing.
→ Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.
→ Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities.
→ It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
→ Almost all good businesses engage in "pain today, gain tomorrow" activities.
→ We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?
→ Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company’s owners are slim at best.
→ Understanding both the power of compound return and the difficulty of getting it is the heart and soul of understanding a lot of things.
→ Intense interest in any subject is indispensable if you’re really going to excel in it.
→ Understanding both the power of compound return and the difficulty of getting it is the heart and soul of understanding a lot of things.
→ For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.
→ Almost all good businesses engage in "pain today, gain tomorrow" activities.
→ The best thing a human being can do is to help another human being know more.
Select the quote, which is attributable to Charlie Munger.
→ The idea of caring that someone is making money faster than you is one of the deadly sins. Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?
→ I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.
→ Intense interest in any subject is indispensable if you’re really going to excel in it.
→ Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand— you must learn to handle mistakes and new facts that change the odds.
Identify the quotation belonging to Charlie Munger?
→ Avoid working directly under somebody you don’t admire and don’t want to be like.
→ It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
→ Determination is the wake-up call to the human will.
→ The very least you can do in your life is figure out what you hope for. And the most you can do is live inside that hope. Not admire it from a distance but live right in it, under its roof.
One of the following quotes belongs to Charlie Munger. Pick one.
→ I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.
→ Almost all good businesses engage in "pain today, gain tomorrow" activities.
→ Everybody engaged in complex work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing.
→ Understanding how to be a good investor makes you a better business manager and vice versa.
Which one of these four quotes is attributed to Charlie Munger?
→ I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.
→ It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.
→ Intense interest in any subject is indispensable if you’re really going to excel in it.
→ Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand— you must learn to handle mistakes and new facts that change the odds.
→ We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?
→ Everybody engaged in complex work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing.
→ Intense interest in any subject is indispensable if you’re really going to excel in it.
→ Understanding how to be a good investor makes you a better business manager and vice versa.
Select the quotation attributed to Charlie Munger.
→ You must have the confidence to override people with more credentials than you whose cognition is impaired by incentive-caused bias or some similar psychological force that is obviously present. But there are also cases where you have to recognize that you have no wisdom to add — and that your best course is to trust some expert.
→ Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won.
→ For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.
→ Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand— you must learn to handle mistakes and new facts that change the odds.
One of these may be attributed to Charlie Munger. Which one?
→ One of the great defenses if you’re worried about inflation is not to have a lot of silly needs in your life — if you don’t need a lot of material goods.
→ A clever person solves a problem. A wise person avoids it.
→ Attitude is a choice. Happiness is a choice. Optimism is a choice. Kindness is a choice. Giving is a choice. Respect is a choice. Whatever choice you make makes you. Choose wisely.
→ Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own.
→ Never forget what you are, for surely the world will not. Make it your strength. Then it can never be your weakness. Armour yourself in it, and it will never be used to hurt you.
→ You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.
→ Mimicking the herd invites regression to the mean.
→ The liabilities are always 100 percent good. It’s the assets you have to worry about.
Can you identify the right quote belonging to Charlie Munger?
→ In my whole life, nobody has ever accused me of being humble. Although humility is a trait I much admire, I don’t think I quite got my full share.
→ People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.
→ If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
→ 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.
Guess which of these quotes is attributed to Charlie Munger.
→ If you're able to be yourself, then you have no competition. All you have to do is get closer and closer to that essence.
→ You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
→ We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side. If you can’t state arguments against what you believe better than your detractors, you don’t know enough.
→ Run often. Run long. But never outrun your joy of running.
One of the following quotations belongs to Charlie Munger. Which one?
→ In my whole life, nobody has ever accused me of being humble. Although humility is a trait I much admire, I don’t think I quite got my full share.
→ You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
→ All intelligent investing is value investing — acquiring more than you are paying for. You must value the business in order to value the stock.
→ I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.
Can you guess which one of these belongs to Charlie Munger?
→ Well, some of our success we predicted and some of it was fortuitous.
→ I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.
→ If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.
→ People always underestimate the ability of earth to increase its carrying capacity.
Try to identify the quote attributed to Charlie Munger.
→ Education is the most powerful weapon which you can use to change the world.
→ I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.
→ We believe in ordinary acts of bravery, in the courage that drives one person to stand up for another.
→ Love is an untamed force. When we try to control it, it destroys us. When we try to imprison it, it enslaves us. When we try to understand it, it leaves us feeling lost and confused.
Looks like Charlie Munger is the author of one of these.
→ If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply.
→ If you want to forget something or someone, never hate it, or never hate him/her. Everything and everyone that you hate is engraved upon your heart; if you want to let go of something, if you want to forget, you cannot hate.
→ Friends and good manners will carry you where money won't go.
→ One of the things I learned the hard way was that it doesn't pay to get discouraged. Keeping busy and making optimism a way of life can restore your faith in yourself.
→ A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
→ 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’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.
→ There are always people who will be better at something than you are. You have to learn to be a follower before you become a leader.
Can you identify which quote belongs to Charlie Munger?
→ There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.
→ There are always people who will be better at something than you are. You have to learn to be a follower before you become a leader.
→ No thief, however skillful, can rob one of knowledge, and that is why knowledge is the best and safest treasure to acquire.
→ Opportunities are usually disguised as hard work, so most people don't recognize them.
Identify the quotation belonging to Charlie Munger?
→ Thinking that what’s good for you is good for the wider civilization, and rationalizing foolish or evil conduct, based on your subconscious tendency to serve yourself, is a terrible way to think.
→ We look for a horse with one chance in two of winning and which pays you three to one.
→ You can be young without money, but you can't be old without it.
→ That's one small step for a man, one giant leap for mankind.
One of the following quotes belongs to Charlie Munger. Pick one.
→ Thinking that what’s good for you is good for the wider civilization, and rationalizing foolish or evil conduct, based on your subconscious tendency to serve yourself, is a terrible way to think.
→ The ethos of not fooling yourself is one of the best you could possibly have. It’s powerful because it’s so rare.
→ Determine value apart from price; progress apart from activity; wealth apart from size.
→ Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them.
→ Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not celebrate stupidities in both categories?
→ Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
→ We’re the tortoise that has outrun the hare because it chose the easy predictions.
→ If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation.
Can you identify the right quote belonging to Charlie Munger?
→ It is our responsibilities, not ourselves, that we should take seriously.
→ The safest way to try to get what you want is to try to deserve what you want. It’s such a simple idea. It’s the golden rule. You want to deliver to the world what you would buy if you were on the other end.
→ It’s a good habit to trumpet your failures and be quiet about your successes.
→ Always find opportunities to make someone smile, and to offer random acts of kindness in everyday life.
One of the following quotations belongs to Charlie Munger. Which one?
→ There is no old age. There is, as there always was, just you.
→ Smart people aren’t exempt from professional disasters from overconfidence. Often, they just run aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods.
→ It's amazing how a little tomorrow can make up for a whole lot of yesterday.
→ Don't wait around for other people to be happy for you. Any happiness you get you've got to make yourself.
Try to identify the quote attributed to Charlie Munger.
→ We’re the tortoise that has outrun the hare because it chose the easy predictions.
→ There’s danger in just shoveling out money to people who say, ‘My life is a little harder than it used to be.’ At a certain place you’ve got to say to the people, ‘Suck it in and cope, buddy. Suck it in and cope.’
→ Don’t read success stories, you will only get a message. Read failure stories, you will get some ideas to get success
→ Make improvements, not excuses. Seek respect, not attention.