Charlie Munger

MORE ABOUT CHARLIE MUNGER

• Munger was a legendary and pragmatic investor and philanthropist.

• He was known for his wide-ranging wisdom across a multitude of disciplines — including psychology, economics, biology, history and physics.

• He served as a director of Costco Wholesale Corporation and as chairman of the Daily Journal Corporation. 

• His ability to break down complicated concepts into clear, practical principles has left a lasting imprint on the financial world. 

CHARLIE MUNGER'S BASIC RULES

• Don’t sell anything you wouldn’t buy yourself. 

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.

• Don’t work for anyone you don’t respect and admire. 

Generally, your outcome in life will be more satisfactory if you work under people whom you correctly admire.

• Work only with people you enjoy. 

"I could force myself to be fairly good in a lot of things, but I couldn’t excel in anything in which I didn’t have an intense interest or enjoy."

WISDOM TO INSPIRE SUCCESSFUL INVESTING

• “You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.”

• “The big money is not in the buying and the selling, but in the waiting.”

• “You need patience, discipline, and an agility to take losses and adversity without going crazy.”

• “We have three baskets for investing: yes, no, and too tough to understand.”

• “People calculate too much and think too little.” 

• “Success means being very patient, but aggressive when it’s time.” 

• “Acknowledging what you don’t know is the dawning of wisdom.”

• “Mimicking the herd invites regression to the man.”

MEDIA & PUBLICATIONS

• Munger has been profiled, featured, and quoted in various leading financial media outlets and publications.

• He has appeared in CNBC, The New York Times, Wall Street Journal, Reuters, Forbes, CNN, Yahoo! Finance, Financial Times, BBC, Fox Business, and more.