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Charlie Munger Quotes: The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.
         

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.


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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My whole marriage to her, I finally realized, was a placeholder, leading me to this very day.

My whole marriage to her, I finally realized, was a placeholder, leading me to this very day.



Out of the millions who write, only very few manage to create an impact.

Out of the millions who write, only very few manage to create an impact.



Sometimes in life our master will teach us and then test us like this. He will send the same painful circumstances to us over and over again until we no longer want what isn’t good for us

Sometimes in life our master will teach us and then test us like this. He will send the same painful circumstances to us over and over again until we no longer want what isn’t good for us



It's not necessarily a large number of people that affect the culture. You don't count the number of influential voices, you weigh them. A hundred people can affect the culture.

It's not necessarily a large number of people that affect the culture. You don't count the number of influential voices, you weigh them. A hundred people can affect the culture.



I read the papers every day just to discover if one mentions Anna Held.

I read the papers every day just to discover if one mentions Anna Held.



Poems, like dreams, are a sort of royal road to the unconscious. They tell you what your secret self cannot express.

Poems, like dreams, are a sort of royal road to the unconscious. They tell you what your secret self cannot express.



I don't really have goals as far as, I want to be on a cover or something like that.

I don't really have goals as far as, I want to be on a cover or something like that.



They may torture my body, break my bones, even kill me. Then they will have my dead body, but not my obedience.

They may torture my body, break my bones, even kill me. Then they will have my dead body, but not my obedience.



Ugly is attractive. Ugly is exciting.

Ugly is attractive. Ugly is exciting.



Every morning or afternoon, whenever you want to write, you have to go up and shoot that old bear under your desk between the eyes.

Every morning or afternoon, whenever you want to write, you have to go up and shoot that old bear under your desk between the eyes.




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This page presents the quote "The normal expectancy of the average investor - for example, the pension funds of AT&amp;T or IBM - is 6% for a long time.". Author of this quote is Charlie Munger. This quote is about example, long time, long, expectancy, average, ibm, normal, pension,.