I regard it as very unfair, but capitalism without failure is like religion without hell.
Charlie MungerIf people tell you what you really don't want to hear what's unpleasant-there's an almost automatic reaction of antipathy. You have to train yourself out of it.
Charlie MungerI'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.
Charlie MungerDevelop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
Charlie MungerI have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and that is: I say that I'm not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people who support it. I think only when I've reached that state am I qualified to speak. This business of not drifting into extreme ideology is a very, very important thing in life
Charlie Munger