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Charlie Munger Quotes: Mimicking the herd invites regression to the mean.
         

Mimicking the herd invites regression to the mean.


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.



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.



In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.





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Knowing the self is the biggest truth. If we find the truth within, we have found God.

Knowing the self is the biggest truth. If we find the truth within, we have found God.



A man wants to earn money in order to be happy, and his whole effort and the best of a life are devoted to the earning of that money. Happiness is forgotten; the means are taken for the end.

A man wants to earn money in order to be happy, and his whole effort and the best of a life are devoted to the earning of that money. Happiness is forgotten; the means are taken for the end.



Identical twins are endemically alike in many ways.

Identical twins are endemically alike in many ways.



But I am the real Strider, fortunately. I am Aragorn son of Arathorn; and if by life or death I can save you, I will.

But I am the real Strider, fortunately. I am Aragorn son of Arathorn; and if by life or death I can save you, I will.



No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.

No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.



If we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them.

If we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them.



Errors are more numerous than truths, but fortunately too divided among themselves to take power.

Errors are more numerous than truths, but fortunately too divided among themselves to take power.



When we look at things as simple as food, it's not about just nourishment and sustaining our life, it is really the seed of our ancestor.

When we look at things as simple as food, it's not about just nourishment and sustaining our life, it is really the seed of our ancestor.



Morality and ethics are nothing but footballs, wherewith people, strong people play to win points.

Morality and ethics are nothing but footballs, wherewith people, strong people play to win points.




Quote Description


This page presents the quote "Mimicking the herd invites regression to the mean.". Author of this quote is Charlie Munger. This quote is about mimicking, invites, mean, regression,.