Charlie Munger Quotes

When everyone is running the machine, and it's all working, there's a tendency to look at the short term and focus on incremental opportunities and not look ahead to the really big opportunities.

Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.

I definitely like taking the dark horse approach and picking people you should not be getting behind, and you figure out a way to get behind them.

Leadership requires the courage to make decisions that will benefit the next generation.

To me, unconventional thinking is approaching a problem and asking, 'Why not? Why can't something be done?' If someone can't give me a good reason why you can't do something, I find a way to do it.

Outrageous behavior, also known as the lunatic fringe, is the seed bed of innovation and creativity.

In order to have your short term policies accepted, you have to have your long term policies understood.

We're so used to thinking in the short term, and the minute you speak in more long-term language then you tend to get dismissed as utopian and so on. We have a real problem here in making long-term thinking respectable

I think the thing that you've seen with Donald Trump is that he doesn't - he doesn't look to the past and say, 'I've got to conform to these precedents.'

A subset of CEOs is that of entrepreneurs. And the classical definition of an entrepreneur is an individual who pursues opportunity without regard to the resources currently controlled. That sounds like a very different person than one might expect an analytical investment manager to be.

Half the stuff I have done which has been successful would never have been made if it had been shown to focus groups.

It's something I have always tried to do in my career - play outside the box.

When Dad made a decision, whether it was about family or his own career, the majority of the time, it was for the long term, not the short term.

I want to take a long-term view. Being distracted by short term things can be dangerous when you are making cold, calm, long-term decisions.

I like to take a shot with things. I like to take risks. I'm attracted to things that are different than the average run-of-the-mill stuff.

It never seems like a good idea to do something that's way out there. But usually, the thing that's way out there is where we are heading.

If I focus on the short-term goals, then the long-term goals are going to be in my favor.

It's always important for a coach to decide on the short term and long term - one factor doesn't block out the other.

I typically do the opposite of what people think I am going to do.

I'm quite cautious in most areas of my life, but I'm always happy to gamble when it comes to acting. I'm not frightened of falling on my face.

I just try to go outside the box. In fact, I go outside the box so much I go... 'What box!'

After every major tournament or challenge, I'll always sit down and say 'how does the future look? How does the next six months, year, four years look?'

I love to be in projects that take risks.

I like more the fact that I like to think out of the box. Thinking out of the box goes along with dressing out of the box and living out of the box.

Scrambling, when no one's around, getting down, getting out of bounds, taking a glancing blow, those are all fine. You can do that all day long.