Charlie Munger

"Recognize reality even when you don’t like it— especially when you don’t like it."

- Charlie Munger

"Don’t drift into self-pity because it doesn’t solve any problems. Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought."

- Charlie Munger

"The big money is not in the buying or selling, but in the waiting."

- Charlie Munger

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid instead of trying to be very intelligent."

- Charlie Munger

"If I can be optimistic when I’m nearly dead, surely the rest of you can handle a little inflation."

- Charlie Munger

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

- Charlie Munger

"The big money is not in the buying and selling … but in the waiting."

- Charlie Munger

"It’s a real pleasure to earn the trust of your customers slowly over time by doing what’s right."

- Charlie Munger

"If you took our top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor."

- Charlie Munger