We try more to profit from always remembering the obvious than from grasping the esoteric.
Charlie MungerAnytime anybody offers you anything with a big commission and a 200-page prospectus, don't buy it. Occasionally, you'll be wrong if you adopt "Munger's Rule." However, over a lifetime, you'll be a long way ahead - and you will miss a lot of unhappy experiences.
Charlie MungerIn the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.
Charlie MungerI'm very pleased when the smartest people come [to the U.S.] and almost never pleased when the very bottom of the mental barrel comes in.
Charlie Munger