Charlie Munger Quotes

I think I have learnt more about business from fighting than anything else - from any book, from any, like - fighting is an incredible megastore for doing business.

We can't control everything in our lives. Sometimes you're No. 2, 3, 4 or 5. That doesn't matter. What matters is that you strive to be No. 1.

When I found I could not figure something out, I decided to learn about it, until I knew as much as I could. It's my way.

We should never change our minds about where we are going, but always be curious about different ways to get there.

I know some people say "Keep your eyes on the prize," but I disagree. When your eyes are stuck on the prize, you're going to keep stumbling and crashing into things. If you really want to get ahead, you've got to keep your eyes focused on the path.

Big-picture thinkers broaden their outlook by striving to learn from every experience. They don't rest on their successes, they learn from them.

In business, you take a swing and you hope that you hit a home run, but sometimes you strike out. Strikeouts and failures are important. Being down, getting punched in the gut every once in a while by life and coming back up, that's accomplishment.

I think a great entrepreneur is learning every day. An entrepreneur is somebody that doesn't take no for an answer - they're going to figure something out. They also take responsibility. They don't blame anybody else. And they're dreamers in one sense but they're also realistic and they take affordable steps when they can.

When the worms are scarce, what does a hen do? Does she stop scratching? She does not. She scratches all the harder. A lot of businessmen have been showing less sense than a hen since orders became scarce. They have laid off salesmen; they have stopped or reduced their advertising; they have simply resigned themselves to inaction and, of course, to pessimism. If a hen knows enough to scratch all the harder when the worms are scarce, surely businessmen ... ought to have gumption enough to scratch all the harder for business.

To succeed, we must have the will to succeed, we must have stamina, determination, backbone, perseverance, self-reliance, and faith.

Basketball really is a metaphor for life - the intangible skills I have learned on the court, have helped shape the person I am today.

You have to stick to your guns and still know when to be flexible. That's something I've had to learn-which battles to fight.

The main idea in golf as in life, I suppose is to learn to accept what cannot be altered and to keep on doing one's own reasoned and resolute best whether the prospect be bleak or rosy.

Entrepreneurship is a process, not a job or profession. So be faithful to the process and remember that even when times are bad, the process will give you a glimpse of the future that lies ahead.

Gymnastics is a lot like life. You don't become an Elite gymnast by bickering and having a negative attitude. You have to be positive to get to that level.

This is a business and everything happens for a reason. I'm going to just to play hard, try to play hard and do whatever it takes to win.

An easy, non-self-denying life will never be one of power.

Every one of us is called upon, perhaps many times, to start a new life. A frightening diagnosis, a marriage, a move, loss of a job...And onward full-tilt we go, pitched and wrecked and absurdly resolute, driven in spite of everything to make good on a new shore. To be hopeful, to embrace one possibility after another--that is surely the basic instinct...Crying out: High tide! Time to move out into the glorious debris. Time to take this life for what it is.

Perhaps the greatest display of self-discipline is persisting when the going gets tough. Persistence is self-discipline in action.

I just see the opportunities and I go for them. I don't want to play my career safe. I've had my successes and I've had a few failures, too. But you just keep going and do the best that you can. That's what I've learned.

And so gentlemen, I learned. Oh, if you have to learn, you learn; if you’re desperate for a way out, you learn; you learn pitilessly. You stand over yourself with a whip in your hand; if there’s the least resistance, you lash yourself.

Next to the intellectual stimulation of chess, the educational value is of great importance. Chess teaches logic, imagination, self-discipline, and determination.

Self-discipline is a rigorous process at best; too many of us want it to be effortless and painless.

When feet doesn't want to hold you, you climb with your head. Maybe it isn't the natural order of things, but isn't it better to walk with your head than to think with your feet, as it happens so frequently?

The most effective people are those who can "hold" their vision while remaining committed to seeing current reality clearly