Charlie Munger on Deep Work Quotes

"Concentrate on the big ideas and ignore the noise."

"A lot of people with high IQs are terrible investors because they’ve got terrible temperaments."

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

"The habit of committing to a few things and doing them well is the secret to success."

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

"Intelligent people make decisions based on opportunity costs."

"If you're not learning, you're not going to be a good investor."

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid."

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

"The iron rule of nature is: you get what you reward."

"Take a simple idea and take it seriously."

"You don't have to be brilliant, only a little bit wiser than the other guys."

"You have to work hard to get to the point where it's easy."

"Focus on your circle of competence."

"It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait."

"I've never been able to do anything well if I didn't have some passion for it."

"You need to have a passionate interest in knowing why things are happening."

"We read a lot. I don’t know anyone who’s wise who doesn’t read a lot."

"You need to have a mental model of the world in your head."

"Invert, always invert."

"Develop into a lifelong self-learner through voracious reading; cultivate curiosity."

"Extreme patience combined with extreme decisiveness."

"I met the towering intellectuals in books, not in the classroom, which is natural."

"You must have the discipline to sit on your ass and wait."

"Our job is to find a few intelligent things to do, not to keep up with every damn thing that's going on."

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

"If you want to get smart, the question you have to keep asking is 'why, why, why?'"

"I constantly see people rise in life who are not the smartest... but they are learning machines."

"Almost all good record-keeping and business success comes from a focus on the few things that matter."

"Opportunity comes to the prepared mind."

"You should have a lot of models in your head."

"Mimicking the herd invites regression to the mean."

"People calculate too much and think too little."