Charlie Munger on Efficiency Quotes

"We try to keep things so simple that we can understand them. Efficiency comes from clarity."

"Opportunity cost is a huge filter in our efficient allocation of capital."

"Take a simple idea and take it seriously. It is the most efficient path to success."

"Systems that reward efficiency will always outperform those that reward seniority."

"Being a learning machine is the most efficient way to stay relevant."

"Knowing what you don't know is more efficient than being brilliant."

"Focusing on the big 'no-brainers' is the most efficient use of your time."

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

"The best way to be efficient is to avoid things that don't work."

"Discipline is the foundation of efficiency."

"We don't have a lot of people at headquarters. It's more efficient that way."

"Cutting out the middleman is a classic efficiency play."

"The efficiency of the market is not a physical law, it’s a tendency."

"Simplicity is the ultimate efficiency."

"Avoid the 'man with a hammer' syndrome to maintain cognitive efficiency."

"Incentives are the most powerful and efficient tools for changing behavior."

"A lack of bureaucracy is our secret weapon for efficiency."

"Specialization is the key to efficiency in a complex world."

"We’re emphasizing the importance of a few big ideas. That’s an efficient way to think."

"Invert, always invert. It is the most efficient way to solve hard problems."

"A seamless web of deserved trust is the most efficient system for human beings."

"Standardizing processes is efficient, but standardizing thinking is dangerous."

"The first rule of a happy life is low expectations. That’s very efficient."

"The most efficient way to get a good reputation is to deserve one."

"We try to be consistently not stupid, instead of trying to be very intelligent. It’s a more efficient way to live."

"The most efficient way to learn is to get the big ideas from all the big disciplines."

"Removing friction is the fastest way to increase efficiency."

"Checklists are a simple, efficient way to avoid big mistakes."

"The most efficient communication is direct and honest."

"Patience is a form of efficiency in investing."

"A small group of smart people is more efficient than a large committee."

"The compounding of knowledge is the most efficient form of growth."

"Rationality is the ultimate efficiency of the mind."