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Charlie Munger Quotes: Beta and modern portfolio theory and the like - none of it makes any sense to me.
         

Beta and modern portfolio theory and the like - none of it makes any sense to me.


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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He can run faster than Severus Snape confronted with shampoo.

He can run faster than Severus Snape confronted with shampoo.



The starting point toward developing an improved future is building the power to picture it.

The starting point toward developing an improved future is building the power to picture it.



Life was a revolving mystery, sometimes terrifying, sometimes maddening. But always provocative. Interesting. And although its meaning seemed beyond my grasp, it never seemed meaningless.

Life was a revolving mystery, sometimes terrifying, sometimes maddening. But always provocative. Interesting. And although its meaning seemed beyond my grasp, it never seemed meaningless.



Our insecurities drive us. Our fears control us. We try to hide the first and deny the second and it is exhausting us.

Our insecurities drive us. Our fears control us. We try to hide the first and deny the second and it is exhausting us.



True or false, that which is set of men often occupies as important a place in their lives, and above all in their destinies, as that which they do.

True or false, that which is set of men often occupies as important a place in their lives, and above all in their destinies, as that which they do.



Mankind is not a tribe of animals to which we owe compassion. Mankind is a club to which we owe our subscription.

Mankind is not a tribe of animals to which we owe compassion. Mankind is a club to which we owe our subscription.



Reading is the most important way to prepare for life.

Reading is the most important way to prepare for life.



Not doing things you can do is the whole point of laziness. Not doing something you can't do is just sensible.

Not doing things you can do is the whole point of laziness. Not doing something you can't do is just sensible.



I am convinced that we as a body must conduct a formal and legitimate debate about election irregularities.

I am convinced that we as a body must conduct a formal and legitimate debate about election irregularities.



There is a long American tradition of suspicion of concentrated economic power because of its tendency to corrupt government and turn it from a democracy into a plutocracy.

There is a long American tradition of suspicion of concentrated economic power because of its tendency to corrupt government and turn it from a democracy into a plutocracy.




Quote Description


This page presents the quote "Beta and modern portfolio theory and the like - none of it makes any sense to me.". Author of this quote is Charlie Munger. This quote is about portfolios, modern, theory, beta,.