Quotes from Charlie Munger

The best thing a human being can do is to help another human being know more.

Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.

I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.

If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.

Organized common (or uncommon) sense -- very basic knowledge -- is an enormously powerful tool. There are huge dangers with computers. People calculate too much and think too little.

Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you.

The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.

The definition of hell in the legal system is: endless due process and no justice; (in the corporate world) it would be: endless due diligence and no horse sense.

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.

It's very useful to have a good grasp of all the big ideas in hard and soft science. A, it gives perspective. B, it gives a way for you to organize and file away experience in your head, so to speak.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

You're not going to get very far in life based on what you already know. You're going to advance in life by what you're going to learn after you leave here.

If we've been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.

A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.

I'm used to people with very high IQs knowing how to recognize reality, but there's a huge human tendency where it may be instructive to think that whatever you're doing to succeed is all right.

I think people who multitask pay a huge price. They think they're being extra productive, and I think when you multitask so much you don't have time to think about anything deeply, you are giving the world an advantage you shouldn't do, and practically everybody is drifting into that mistake.

Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you're going to be a great thinker.

Your life must focus on the maximization of objectivity.

In my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound interest table.

To me, it's obvious that the winner has to bet very selectively. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people.

There's no way that you can live an adequate life without making many mistakes.

The general systems of money management [today] require people to pretend to do something they can't do and like something they don't. It's a terrible way to spend your life, but it's very well paid.