Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
Charlie MungerThe investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It's just that simple.
Charlie MungerIt takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.
Charlie MungerTthe first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.... You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life.
Charlie Munger