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Charlie Munger Quotes: Don't confuse correlation and causation. Almost all great records eventually dwindle.
         

Don't confuse correlation and causation. Almost all great records eventually dwindle.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Wed. 01 May. 2024. <https://www.quoteslyfe.com/quote/Don-t-confuse-correlation-and-causation-Almost-460995>.





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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



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

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



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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Learning new things swiftly will help you PROSPER

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Love is fate that ends in tragedy.

Love is fate that ends in tragedy.



Until you've been washed ashore you can't know how all encompassing the sea has become.

Until you've been washed ashore you can't know how all encompassing the sea has become.



Putting a piece of you in your protagonist adds depth and merges the worlds of fiction and reality.

Putting a piece of you in your protagonist adds depth and merges the worlds of fiction and reality.



If you want a better answer, krasivyy, ask a better question. - Koldan Vasin

If you want a better answer, krasivyy, ask a better question. - Koldan Vasin



In the beauty of the lilies Christ was born across the sea With a glory in His bosom that transfigures you and me As He died to make men holy let us die to make men free While God is marching on.

In the beauty of the lilies Christ was born across the sea With a glory in His bosom that transfigures you and me As He died to make men holy let us die to make men free While God is marching on.



We all know that Art is not truth. Art is a lie that makes us realize the truth, at least the truth that is given to us to understand.

We all know that Art is not truth. Art is a lie that makes us realize the truth, at least the truth that is given to us to understand.



AppStudio is a native app builder that allows you to build the app and automatically deploy it on Android, iPhone, and Windows. It lets you design it once and then implement it anywhere.

AppStudio is a native app builder that allows you to build the app and automatically deploy it on Android, iPhone, and Windows. It lets you design it once and then implement it anywhere.



Anybody can be a role model, anybody can.

Anybody can be a role model, anybody can.



There is not a person alive who is not capable of greatly contributing to the well - being of this planet. Just changing your attitude can affect the world around you.

There is not a person alive who is not capable of greatly contributing to the well - being of this planet. Just changing your attitude can affect the world around you.




Quote Description


This page presents the quote "Don't confuse correlation and causation. Almost all great records eventually dwindle.". Author of this quote is Charlie Munger. This quote is about correlation, records, causation,.