Quotes from Author: Charlie Munger
A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past. Charlie Munger,
A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past.
Playing poker in the Army honed my business skills. What you have to learn is to fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does. Charlie Munger,
Playing poker in the Army honed my business skills. What you have to learn is to fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does.
Everybody with any sense at all knows that some businesses are better than others. What makes it difficult is they sell at higher prices. If all you had to do was figure out which businesses are better than others, even an idiot could make a lot of money. Charlie Munger,
Everybody with any sense at all knows that some businesses are better than others. What makes it difficult is they sell at higher prices. If all you had to do was figure out which businesses are better than others, even an idiot could make a lot of money.