Charlie Munger Quotes

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple.

Security isn't what the wise person looks for; it's opportunity. And once we begin looking for that, we find it on every side. You can measure opportunity with the same yardstick that measures the risk involved. They go together.

The difference between a calculated risk and rolling the dice can be expressed in one word: homework.

Take calculated risks.

You have to take calculated risks in life.

You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.

Just taking risks for risk's sake, that doesn't do it for me. I'm willing to take risks that I think are worth it, and I've worked so hard to make sure that I survive.

Often you need to take some risk, but it must be a realistic risk, you can't take a crazy risk.

I talk a lot about taking risks, and then I follow that up very quickly by saying, 'Take prudent risks.'

I think there's a difference between a gamble and a calculated risk.

Take calculated risks. That is quite different from being rash.

I take big risks, but I'm not reckless about it.

When I take a risk, I like it to be a calculated risk, meaning I make it as small as possible.

All market response results from a reduction of uncertainty.

I wanted to do a lot of things in wine, but I didn't know how to do it. So before I invested in anything, before I really put my dollars into it, I put my whole heart, soul, mind into it so that I really understand the severity of each outcome, the severity of success and the severity of failure.

Taking risks is not being suicidal. Otherwise, skydivers need serious help.

In order to succeed, you have to live dangerously.. as long as the danger is rationally accepted and as long as the rewards far outweigh the risk.

You have to take the calculated risk,to earn something

Everything involves a risk. No risk, no reward.

Risk is the salt and sugar of life.

Not taking a risk is a risk. That's how I see it.

Everything worth doing involves risk.

The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.

Risk is the price you pay for opportunity.

If you risk nothing you gain nothing