Charlie Munger on Success Quotes

"The habit of committing far more time to learning and thinking than to doing is no accident."

"Mimicking the herd invites regression to the mean."

"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines."

"The more hard lessons you can learn vicariously rather than through your own hard experience, the better."

"Rationality is the ultimate efficiency of the mind."

"A lot of people with high IQs are terrible investors because they have terrible temperaments. You need a creative temperament."

"The safest way to try to get what you want is to try to deserve what you want."

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

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

"Envy is a really stupid sin because it's the only one you could never possibly have any fun at."

"The iron rule of life is that only twenty percent of the people can be in the top fifth."

"Opportunity comes to the prepared mind."

"I didn't get to where I am by going after mediocre opportunities."

"The world is not just going to give you results for having a high IQ."

"Extreme specialization is the way to succeed most of the time."

"Opportunities come to the prepared mind. If you're not ready, you'll miss the fat pitch."

"Whenever you think that some situation or some person is ruining your life, it's actually you who are ruining your life. It's very simple. Realize that and you can start to fix it."

"I think that, time and again, in my life, I have seen that the people who work the hardest at it get the best results."

"Extreme patience combined with extreme decisiveness is the key to success."

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

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

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

"Discipline is the foundation of efficiency."

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

"The safest way to get what you want is to deserve what you want."

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

"Preparation is everything. If you are not prepared, you are just going to fail."

"To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people."

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

"The big money is not in the buying and the selling, but in the waiting and the repeated trust of the partnership."

"The best way to get what you want in life is to deserve what you want."

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

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