A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
Charlie MungerThe laws of thermodynamic s are such that if the water is getting warmer - and I believe it is - the energy of the weather is going to go up.
Charlie MungerIt's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple.
Charlie MungerI did not succeed in life by intelligence. I succeeded because I have a long attention span.
Charlie Munger