Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.
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.
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.
The big money is not in the buying and selling ... but in the waiting.
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?'
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.
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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Without the nourishment of the soul, there is no strength of spirit.
Success is often followed by failure. Yesterday's victory doesn't win today's battle.
The neurologist had dismissed her case after a single visit, handing out an easy nostrum by telling her father that if she continued to write poetry, she would be all right.
What you believe about you impacts you more than what others believe about you.
We may say, that not only the soul (the mirror of an indestructible universe) is indestructible, but also the animal itself is, although its mechanism is frequently destroyed in parts.
All shall work together for good; everything is needful that He sends; nothing can be needful that He withholds.
Changes don't happen in the world by playing it safe, taking risks is the way to change the world.
