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Charlie Munger Quotes: If you have competence, you know the edge. It wouldnt be a competence if you didnt know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself.
         

If you have competence, you know the edge. It wouldnt be a competence if you didnt know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself.


Charlie Munger
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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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And I find myself asking again and again.... What was it about such a beautiful man, who was able to leave such ugly scars?

And I find myself asking again and again.... What was it about such a beautiful man, who was able to leave such ugly scars?



Programmers are not mathematicians, no matter how much we wish and wish for it.

Programmers are not mathematicians, no matter how much we wish and wish for it.



There is no such thing as society: there are individual men and women, and there are families.

There is no such thing as society: there are individual men and women, and there are families.



It's so much easier to like people, and to let people in, to trust them until they prove that you should do otherwise. The alternative is being an iceberg.

It's so much easier to like people, and to let people in, to trust them until they prove that you should do otherwise. The alternative is being an iceberg.



No one ever gets too big to make mistakes. The secret is that the big man is greater than his mistakes, because he rises right out of them and passes beyond them.

No one ever gets too big to make mistakes. The secret is that the big man is greater than his mistakes, because he rises right out of them and passes beyond them.



You must always have great, secret, big fat hopes for yourself in love and in life. The bigger, the better.

You must always have great, secret, big fat hopes for yourself in love and in life. The bigger, the better.



I have a stab wound on my left hip and one on my thigh and a slash mark across my right calf. I have a bottle stab wound on my left calf.

I have a stab wound on my left hip and one on my thigh and a slash mark across my right calf. I have a bottle stab wound on my left calf.



When I passed the age of 50, I learned how to control my emotions.

When I passed the age of 50, I learned how to control my emotions.



I didn't jump onto anyone else's coattail and ride their wave.

I didn't jump onto anyone else's coattail and ride their wave.



This is no longer a battle of devices, it is a war of ecosystems.

This is no longer a battle of devices, it is a war of ecosystems.




Quote Description


This page presents the quote "If you have competence, you know the edge. It wouldnt be a competence if you didnt know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself.". Author of this quote is Charlie Munger. This quote is about competence, answers, asking, boundaries, lying,.