“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads–and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”
“We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”
“How to find a good spouse?
-the best single way is to deserve a good spouse.”
“There is no better teacher than history in determining the future… There are answers worth billions of dollars in 30$ history book.”
“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.”
“It takes character to sit with all that cash and to do nothing.
I didn’t get top where I am by going after mediocre opportunities.
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”
“What are the secret of success?
-one word answer :”rational”
“Go to bed smarter than when you woke up.”
“I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.”
“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?”
“Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.”
“The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.”
“Buffett found it ‘extraordinary’ that academics studied such things. They studied what was measurable, rather than what was meaningful. ‘As a friend [Charlie Munger] said, to a man with a hammer, everything looks like a nail.”
“The best armour of old age is a well spent life perfecting it.”
“If something is too hard, we move on to something else. What could be simpler than that?”