Charlie Munger Quotes

I know what we do really well - I just try and keep us focused on doing that.

My basic strategy is to stick to my core business and to my area of expertise.

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

We're focused on doing one thing incredibly well. If you look at other companies, all of these companies are doing a lot of different things but we're still, as we grow, doing exactly one thing.

You have to understand what it is that you are better at than anybody else and mercilessly focus your efforts on it.

Working on the right thing is probably more important than working hard.

We need to focus on killing the bad guys, not getting stuck in Middle Eastern civil wars that don't keep America safe.

We succeed only as we identify in life, or in war, or in anything else, a single overriding objective, and make all other considerations bend to that one objective.

Focus on your customers and lead your people as though their lives depend on your success.

Only do the thing we are best at doing and enjoy most.

Our focus was directed at developing the best possible and easiest to use product, and this is where we invested our time. Realize that you won't be able to bring the same focus to everything in the beginning. There won't be enough people or enough hours in the day. So, focus on the 20 percent that makes 80 percent of the difference.

Lets take the best of our ideas from Global Drucker Forum, and the best of our language, and then focus and clarify.

In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.

Keep your eye on the prize and focus on your mission. Remember what you’re trying to do, what your value is, why it’s important, and at the same time, change course and direction. If the market’s telling you different things how are you going to adjust to that?

Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q. (Performance Quotient) will not give away such rent to the Ford Foundation or the local bank trust department. They have too high an I.Q. for that.

When you have too many top priorities, you effectively have no top priorities.

Where we focus our energy is where we will get the results.

If we want to have the biggest impact, the best way to do this is to make sure we always focus on solving the most important problems.

What matters is where you want to go. Focus in the right direction!

We are the most focused company that I know of or have read of or have any knowledge of. We say no to good ideas every day. We say no to great ideas in order to keep the amount of things we focus on very small in number so that we can put enormous energy behind the ones we do choose.....It's not just saying yes to the right products, it's saying no to many products that are good ideas, but just not nearly as good as the other ones.

Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.

The mark of a great man is one who knows when to set aside the important things in order to accomplish the vital ones.

I guess we speak pretty loosely, don't we, about looking forward to the Ashes and all that-and we are, but it's not with both eyes. We've got one eye on that and one eye on what we need to get in place to make sure we're the best team we can be for November.

When you set out to take Vienna, take Vienna.

Excellence matters, and technology advances so fast that the potential for improvement is tremendous. So, since becoming CEO again, I've pushed hard to increase our velocity, improve our execution, and focus on the big bets that will make a difference in the world.