What was Charlie Munger’s famous quote?

Charlie Munger is an American investor, businessman, and vice chairman of Berkshire Hathaway. He is known for his wit, wisdom, and investment philosophy.

One of his most famous quotes is “The big money is not in the buying and selling, but in the waiting”. This quote emphasizes the importance of patience and long-term thinking in investing.

Munger believes that investors should focus on buying good companies at a fair price and holding them for the long term, rather than trying to make quick profits by buying and selling stocks frequently.

Another famous quote by Munger is “Spend each day trying to be a little wiser than you were when you woke up”. This quote highlights the importance of continuous learning and self-improvement.

Munger believes that people who keep learning will keep rising in life, regardless of their intelligence or diligence. Munger’s investment philosophy is based on the principles of value investing, which he learned from his mentor, Warren Buffett.

He believes that investors should focus on buying good companies at a fair price and holding them for the long term, rather than trying to make quick profits by buying and selling stocks frequently.

Munger also emphasizes the importance of understanding the businesses that you invest in and avoiding investments that you don’t understand.

In addition to his investment philosophy, Munger is also known for his wit and wisdom. He has given many speeches and interviews over the years, sharing his insights on investing, business, and life. Some of his other famous quotes include:

• “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent”.
• “I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do”.
• “The best thing a human being can do is to help another human being know more”.