Charlie Munger Quotes

Each crisis is different, has its own specificities, and we need to look at it critically; look at each one in its own terms.

Objective leaders identify their unproductive mental models and tweak them for greater effectiveness.

I don't like talking about 'solutions.' I prefer talking about intelligent responses.

One of the biggest challenges we have, as business owners and people, is that we think in linear terms.

You need a different checklist and different mental models for different companies.

Any man is educated who knows where to get knowledge when he needs it, and how to organize that knowledge into definite plans of action.

I think it is undeniably true that the human brain must work in models. The trick is to have your brain work better than the other person's brain because it understands the most fundamental models- ones that will do most work per unit.

Enterprise is first creativity. You need creativity to see what's out there and shape it to your advantage. You need creativity to look at the world a little differently. You need creativity to take a different approach, to be different.

When we deliberate it is about means and not ends.

Chess is the touchstone of intellect.

If the kids get a good grasp of what the main lessons are for chess after two or three years of staying with the game, then you've given them brain food and you've given them a skill that can last them a lifetime.

If you keep your mind active, regularly take on mental challenges, and continually think about the right things, you will develop the disciplined thinking that will help you with whatever you endeavor to do.

A thinker sees his own actions as experiments and questions--as attempts to find out something. Success and failure are for him answers above all.

The real question one should ask when presented with a puzzle is, ‘Should I solve it? Do I really need to know the answer?

The game of Chess is not merely an idle amusement; several very valuable qualities of the mind are to be acquired and strengthened by it, so as to become habits ready on all occasions, for life is a kind of chess.

Most business problems can be solved if you can teach yourself to look beyond the dollar sign.

We need people who can see straight ahead and deep into the problems. Those are the experts. But we also need peripheral vision and experts are generally not very good at providing peripheral vision.

A team of giants needs giant pitchers who throw good ideas but every pitcher needs an outstanding catcher. Without giant catchers, the ideas of the giant pitchers may eventually disappear.

Remember though, your best weapon is between your ears and under your scalp -provided it's loaded.

When I get the point, I often don't know what to do with it.

Study the situation thoroughly, go over in your imagination the various courses of action possible to you and the consequences which can and may follow from each course. Pick out the course which gives the most promise and go ahead.

Sometimes you have to learn how to give the right answer to the wrong question.

The things that have been most valuable to me I did not learn in school. Traditional education is based on facts and figures and passing tests - not on a comprehension of the material and its application to your life.

You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t know what to do with them.

What are wits for unless a man uses them?