Legendary investor and businessman Charlie Munger passed on November 28, 2023, at the age of 99.
Poor Charlie’s Almanack is a compendium of eleven of Charlie’s iconic talks on investing, life, and decision-making that still resonate today.
From his “investing principles checklist” to a fool-proof technique for solving the toughest problems, Charlie discloses valuable strategies for achieving lifelong success that go beyond the world of finance.
Quotes of Wisdom from Charlie Munger
See some quotes of Wisdom from Charlie Munger via Poor Charlie’s Almanack below.
“Many hard problems are best solved when they are addressed backward.”
“To be a good thinker you must have a mind that can jump jurisdictional boundaries.”
“All I want to know is where I’m going to die, so I’ll never go there.”
“Acquire worldly wisdom and adjust your behavior accordingly.”
“To a man with a hammer, everything looks like a nail.”
“You’ve got to know all the big ideas in all the disciplines more functional than your own.”
“Don’t sell anything you wouldn’t buy yourself.”
“Without numerical fluency, in the part of life most of us inhabit, you are like a one-legged man in an ass-kicking contest.”
“Spend each day trying to be a little wiser than you were when you woke up.”
“If you go through life making friends with the eminent dead who had the right ideas, it will work better for you in life and work better in education.”
“You have to get the main doctrines together and use them as a checklist. And you have to pay special attention to combinatorial effects that create lollapalooza consequences.”
“Good literature makes the reader reach a little for understanding.”
“I feel that I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition.”
“The business of not drifting into extreme ideology is very, very important in life. If you want to end up wise, heavy ideology is very likely to prevent that outcome.”
“Live with change and adapt to it. If the world didn’t change, I’d still have a 12 handicap.”
“Slug it out one inch at a time, day by day, and at the end of the day—if you live long enough—like most people, you will get out of life what you deserve.”
