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Charlie Munger Quotes: Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.
         

Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.


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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Face your monster boldly, the whole world will cheer you on. Run from your monster fearfully, Heaven will cry over your pieces.

Face your monster boldly, the whole world will cheer you on. Run from your monster fearfully, Heaven will cry over your pieces.



The serious revolutionary, like the serious artist, can't afford to lead a sentimental or self-deceiving life.

The serious revolutionary, like the serious artist, can't afford to lead a sentimental or self-deceiving life.



There is nothing better than being in a classroom with really, really brilliant students, and opening up new worlds to them. That's what I love doing.

There is nothing better than being in a classroom with really, really brilliant students, and opening up new worlds to them. That's what I love doing.



Therefore, be ye lamps unto yourselves, be ye a refuge to yourselves. Hold fast to the truth as a lamp; hold fast as a refuge to the truth. Look not for refuge to anyone besides yourselves.

Therefore, be ye lamps unto yourselves, be ye a refuge to yourselves. Hold fast to the truth as a lamp; hold fast as a refuge to the truth. Look not for refuge to anyone besides yourselves.



All any grownup expects of an adolescent is that he act like an adult and be satisfied to be treated like a child.

All any grownup expects of an adolescent is that he act like an adult and be satisfied to be treated like a child.



I met someone who lives in an elevator.

I met someone who lives in an elevator.



We all live under the same sky, but we don't all have the same horizon.

We all live under the same sky, but we don't all have the same horizon.



The diiference is that in the private sector you work for yourself, and as Prime Minister I work for every single Haitian - inside Haiti and outside - and for all those who love Haiti as well.

The diiference is that in the private sector you work for yourself, and as Prime Minister I work for every single Haitian - inside Haiti and outside - and for all those who love Haiti as well.



Perhaps its familiarity rendered it temporarily invisible to you.

Perhaps its familiarity rendered it temporarily invisible to you.




Quote Description


This page presents the quote "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.". Author of this quote is Charlie Munger. This quote is about ducks, bull markets, rising, people, thinking, world,.