You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.
Charlie MungerAcquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.
Charlie MungerMankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.
Charlie Munger... some important factor doesn't lose its "share of force" just because some "expert" can better measure other types of force.
Charlie MungerIt would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn't.
Charlie Munger"[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. "That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal opportunity litigator."
Charlie Munger