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

More quotes by Charlie Munger

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

- Charlie Munger

Awareness

"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

Self-awareness

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

- Charlie Munger

Success

"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

Insight

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

- Charlie Munger

Optimism

More Wisdom Quotes

View all
"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

Wisdom

"So be careful to live your life wisely, not foolishly."

Wisdom

"In old age is wisdom; understanding in a long life."

Wisdom

"Keep your friends close, your enemies closer and receipts for all major purchases."

- Bridger Winegar

Wisdom

"Until the lion tells his side of the story, the tale of the hunt will always glorify the hunter."

- Zimbabwean Proverb

Wisdom