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Charlie Munger Quotes: You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.
         

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.


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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30 cents, two transfers, loveThinking hard about you I got on the bus and paid 30 cents car fare and asked the driver for two transfers before discovering that I was alone.

30 cents, two transfers, loveThinking hard about you I got on the bus and paid 30 cents car fare and asked the driver for two transfers before discovering that I was alone.



Readers of fiction read, I think, for a deeper embrace of the world, of reality. And that's brave. I never get over being thankful for that - for the courage of my readers.

Readers of fiction read, I think, for a deeper embrace of the world, of reality. And that's brave. I never get over being thankful for that - for the courage of my readers.



Everybody's got their troubles.

Everybody's got their troubles.



I've always had an addictive nature.

I've always had an addictive nature.



I wish I had Wonder Woman's magic lasso like her to make people tell the truth.

I wish I had Wonder Woman's magic lasso like her to make people tell the truth.



If Jesus is the Son of God, his teachings are more than just good ideas from a wise teacher; they are divine insights on which I can confidently build my life.

If Jesus is the Son of God, his teachings are more than just good ideas from a wise teacher; they are divine insights on which I can confidently build my life.



Our dreams are waiting for US... to come true!

Our dreams are waiting for US... to come true!



A mother's hardest to forgive. Life is the fruit she longs to hand you Ripe on a plate. And while you live, Relentlessly she understands you.

A mother's hardest to forgive. Life is the fruit she longs to hand you Ripe on a plate. And while you live, Relentlessly she understands you.



Religion keeps society divided. Spirituality unites it.

Religion keeps society divided. Spirituality unites it.




Quote Description


This page presents the quote "You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.". Author of this quote is Charlie Munger. This quote is about direct, models, vicarious, investing, experience,.