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Charlie Munger Quotes: If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.
         

If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.


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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I alone cannot change the world, but I can cast a stone across the waters to create many ripples.

I alone cannot change the world, but I can cast a stone across the waters to create many ripples.



Childhood is a short season.

Childhood is a short season.



But I figure you're never too old to learn. That's when you become old, when you stop being fascinated by things, when you stop wanting to learn and explore.

But I figure you're never too old to learn. That's when you become old, when you stop being fascinated by things, when you stop wanting to learn and explore.



I tend to play in a way that feels natural to me. To me that's authentic for myself. I play by where I'm led by some sense of where I feel I'm supposed to be.

I tend to play in a way that feels natural to me. To me that's authentic for myself. I play by where I'm led by some sense of where I feel I'm supposed to be.



Anything that reduces war-related destruction should not be considered altogether immoral.

Anything that reduces war-related destruction should not be considered altogether immoral.



I won't quit until I get run over by a truck, a producer or a critic.

I won't quit until I get run over by a truck, a producer or a critic.



Ethics is obedience to the unenforceable.

Ethics is obedience to the unenforceable.



I like lime-flavoured yoghurt. The end. There is no religion. It’s a man-made fabrication. Once you understand that, you’ll be a happier individual. Atheism is as pointless as satanism.

I like lime-flavoured yoghurt. The end. There is no religion. It’s a man-made fabrication. Once you understand that, you’ll be a happier individual. Atheism is as pointless as satanism.



Or perhaps all those things you missed upon first glance mean much more than you could ever guess.

Or perhaps all those things you missed upon first glance mean much more than you could ever guess.



Deep in the chaotic regime, slight changes in structure almost always cause vast changes in behavior. Complex controllable behavior seems precluded.

Deep in the chaotic regime, slight changes in structure almost always cause vast changes in behavior. Complex controllable behavior seems precluded.




Quote Description


This page presents the quote "If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.". Author of this quote is Charlie Munger. This quote is about knowledge, competence, answers, past, boundaries,.