Markets Desk | November 29, 2024
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Charlie Munger may have left for his heavenly abode but his life lessons continue to inspire millions even today. Here are some of his quotes on life, investing and a lot more:
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“A great business at a fair price is superior to a fair business at a great price.”
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“It’s waiting that helps you as an investor and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
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“The big money is not in the buying and selling, but in the waiting.”
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“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”
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“Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris—I wanted the independence. I desperately wanted it.”
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“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”
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“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.”
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“Opportunity comes to the prepared mind.”
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